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1. Consider the annual worth of benefits minus disbenefits is $500,000 for a project with B/C ratio of 1.5. Calculate the first cost of the

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1. Consider the annual worth of benefits minus disbenefits is $500,000 for a project with B/C ratio of 1.5. Calculate the first cost of the project if the interest rate is 8% per year compounded quarterly? (20 points)

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