The following table gives the estimated costs and benefits of a proposed public convention center.Table

The following table gives the estimated costs and benefits of a proposed public convention center.

Table

11-1

Annual net revenues

$150,000

Additional city taxes and other financial benefits

45,000

Additional after-tax business profits

225,000

Consumer surplus

110,000

Street maintenance and repair

85,000

Cost of traffic congestion

125,000

What is the annual net benefit from building the convention center?

$140,000

$220,000

$240,000

$290,000

$320,000

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