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A library shelving system has a first cost $20,000 and a useful life of 10 years. The annual maintenance is expected to be $2500. The

A library shelving system has a first cost $20,000 and a useful life of 10 years. The annual maintenance is expected to be $2500. The annual benefits to the library staff are expected to be $9,000. If the effective annual interest rate is 10%, what is the benefit/cost ratio of the shelving system?

A.
1.56

B.
1.51

C.
2.24

D.
1.73

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