An Army Corps of Engineers project for improving navigation on the Ohio River will have an initial cost of $6,100,000 and annual maintenance of $135,000. Benefits for barges and paddle wheel touring boats are estimated at $700,000 per year. The project is assumed to be permanent, and the discount rate is 7% per year. Determine if the Corps should proceed with the project. The B/C ratio is 0.1122 The project is economically justified