For a proposed bridge project, FDOT has estimated the capital investment, annual O&M cost, net annual benefit, and salvage value under three different scenarios (optimistic, most likely, and pessimistic). Assume the useful life of the bridge is 50 years and the interest rate is 4%, what is the estimated average B/C ratio of the proposed project? Capital investment Annual O&M costs Salvage value Annual benefit 4% 2 Single Payment Compound Present Amount Worth Factor Factor Find F Find P Given F Given P F/P P/F 1.040 1.082 9615 9246 Optimistic $9,692,450 $849,334 $1,600,000 $2,049,777 Sinking Fund Factor Find A Given F A/F 1,0000 4902 Find A Given P A/P Most Likely 1.0400 5302 $11,125,624 $14,425,070 $911,038 $1,279,915 $1,500,000 $1,400,000 Compound Interest Factors Uniform Payment Series Capital Recovery Factor $1,822,058 Compound Amount Factor Find F Given A F/A 1,000 2.040 Present Worth Factor Pessimistic Find P Given A P/A 0,962 1.886 $1,711,070 Arithmetic Gradient Gradient Gradient Uniform Series Find A Given G A/G 0 0.490 Present Worth Find P Given G P/G 0 0.925 4% n