Why do lenders request to look at your credit report before you can borrow money?

They want to see how much money you have money you have in savings for the product you want to purchase

They want personal information, such as your high school and college GPAs, to deem creditworthiness

They can interpret your values and character based on your everyday purchases and assess your creditworthiness

They want to see how responsible you are in making payments on existing debt

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?