15) A project has the following cost and benefit data. Initial Cost = $15M Annual O&M Cost = $500K Annual Benefit = $4M The life has the following Probability distribution. Life Probability 7 0.20 8 0.50 9 0.30 MARR = 8% a) Compute the conventional B/C ratio for a life of 7 years. b) Compute the conventional B/C ratio for a life of 8 years. c) Compute the conventional B/C ratio for a life of 9 years. d) Compute the conventional B/C ratio using the expected EUAC. 15) A project has the following cost and benefit data. Initial Cost = $15M Annual O&M Cost = $500K Annual Benefit = $4M The life has the following Probability distribution. Life Probability 7 0.20 8 0.50 9 0.30 MARR = 8% a) Compute the conventional B/C ratio for a life of 7 years. b) Compute the conventional B/C ratio for a life of 8 years. c) Compute the conventional B/C ratio for a life of 9 years. d) Compute the conventional B/C ratio using the expected EUAC