Calculate the conventional B/C ratio for the following cash flow estimates at a discount rate of 4% per year.

Item	Cash Flow
PW of benefits, $	3,800,000
AW of disbenefits, $/year	50,000
First cost, $	2,200,000
M&O costs, $/year	350,000
Life of project, years	15

**The answers presented below were calculated using the appropriate factors from interest tables including all their decimal places**

Question 24 options:

	B/C= 0.66
	B/C= 0.53
	B/C= 1.47
	B/C= 1.27