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For a project being considered by a city in Alabama, the following cost data is available. Determine the modified B/C ratio to two decimal points.

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For a project being considered by a city in Alabama, the following cost data is available. Determine the modified B/C ratio to two decimal points. Initial cost = $8 million. O&M cost/year = $350,000 Estimated annual benefit = $850,000 25 Years Salvage value - $1 million MARR = 5% Life

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