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A state department of health is considering a public awareness campaign to encourage vaccination. It determines that the cost of this campaign would be $

A state department of health is considering a public awareness campaign to encourage vaccination. It determines that the cost of this campaign would be $640,000 per year for the next 6 years (i.e., years 1-6). It estimates that the campaign would reduce rates of illness and communicable diseases. At the end of the first year of the campaign, the resulting savings would be $1,200,000; the savings would decrease by $90,000 each of the following 5 years. Assuming a discounting factor of 5%, compute the benefit to cost (B/C) ratio. Enter your answer with 2 decimal places (e.g., X.xx).

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