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A company is considering the following public interest project. Initial Cost $22.5M Annual Maintenance Cost $525K EUAB $3.3M Given a useful life of 12 years

A company is considering the following public interest project.

Initial Cost

$22.5M

Annual Maintenance Cost

$525K

EUAB

$3.3M

Given a useful life of 12 years and an interest rate of 4%, compute the benefit/cost ratio.

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