An Army Corps of Engineers project for improving navigation on the Ohio River will have an initial cost of $6,750,000 and annual maintenance of $115,000. Benefits for barges and paddle wheel touring boats are estimated at $725,000 per year. The project is assumed to be permanent, and the discount rate is 10% per year. Determine if the Corps should proceed with the project.

The B/C ratio is

.

The project is economically

(Click to select) not justified justified