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1. (20) Below are the annual costs and benefits (in millions $) of five alternative new product development ventures. Apply the incremental B/C ratio method

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1. (20) Below are the annual costs and benefits (in millions $) of five alternative new product development ventures. Apply the incremental B/C ratio method to find the preferred alternative. All projects have equal lifetimes and all projects can be repeated. Project Alt. Annual Benefits 18.0 14.4 19.0 13.8 16.0 Annual Costs 16.5 12.8 18.7 15.2 14.3

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