Question & Answer: let's say that the Belizean government has determined that yearly benefits of creating a 20 nautical mile…..

let’s say that the Belizean government has determined that yearly benefits of creating a 20 nautical mile reserve are $100,000 due to increased tourism (200,000 Belizean dollars) and the costs are $200,000 in year 0 and $40,000 each subsequent year (enforcement costs and lost revenues for local fishers)

At what year would this project become viable (e.g. the Belizean government used a discount rate of 10%? Shoe work