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Calculate the modified B/C ratio with PW for the following highway expansion project. Initial cost of expansion $1,500,000 Annual cost for operating/maintenance-$65,000 Annual savings and

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Calculate the modified B/C ratio with PW for the following highway expansion project. Initial cost of expansion $1,500,000 Annual cost for operating/maintenance-$65,000 Annual savings and benefits to travelers-$225,000 Scrap value after useful life- $300,000 Useful life of investment-30 years Interest rate-8%

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