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(35 points) A flood control project with a life of 15 years will require an investment of $55000 and annual maintenance costs of $5000, The

(35 points) A flood control project with a life of 15 years will require an investment of $55000 and annual maintenance costs of $5000, The project will provide no benefits for the first four years but will save $25000 per year in flood damage starting in the fifth year. The appropriate MARR is 11 per year. What is the modified B-C ratio for the flood control project? Your answer: 0 The modified B-C ratio for the flood control project is 1.70 The modified B-C ratio for the flood control project 1.86 0 The modified BC ratio for the flood control project 5.37 The modified B-Cratio for the flood control project in 1.12 The modified -C ratio for the flood control project 1.20

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