road. Each trip Kim takes on the road costs $12.00. When taking the toll road, the trip takes 40 minutes. When taking the route with no tolls, her trip takes her 60 minutes. If it were any more expensive (even a cent) Kim would not take the toll road and instead take the route without tolls. a) What is the value of Kim’s time? Suppose the city is considering a project to improve the toll road. This improvement would allow Kim to save an additional 10 minutes (it would now take 30 minutes to complete the trip). Based on the project’s costs, the city would need to raise the toll by $4.00 per trip. The increase in cost and benefit (from saving time) take place in one year and last forever. The interest rate is 10%. b) What is Kim’s net present value of the benefits and costs of the project?