A construction company is bidding on a project to install a large flood drainage culvert from Dandridge to a distant lake. If they bid $1,900,000 for the job, what is thee benefit-cost ratio in view of the following data? Is this a wise investment? The MARR is 6% per year, and the projects life is 30 years. (Hint: First find the EUAC.)

Initial construction bid $1,900,000

Right of way maintenance $25,000 per year

Major upkeep every six years,

starting at the present time $45,000

Annual benefit to the taxpayers $140,000