Based on B/C Ratio: The following questions are related to this scenario: Five independent projects are available for funding by a certain public agency. The following table shows the equivalent annual benefits, capital recovery amounts, and operating and maintenance costs for each. Project Annual Benefits Annual O&M Costs Capital Recovery A $1,800,000 $1,200,000 $800,000 B $5,600,000 $2,000,000 $2,200,000 $8,400,000 $3,000,000 $3,800,000 D $2,600,000 $2,000,000 $800,000 E $6,600,000 $4,500,000 $900,000 QUESTION 23 Calculate the Modified B/C Ratio for project C. O a) 0.75 Ob) 1.42 O c) 1.64 O d) 2.33