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? Optimistic Most Likely Pessimistic Capital investment $9,903,358 $11,003,022 $14,925,094 Annual O&M costs $808,232 $935,481 $1,202,912 Salvage value $1,600,000 $1,500,000 $1,400,000 Annual benefit $2,094,872 $1,813,452 $1,737,237 49% Compound Interest Factors Calculator Exam Guidelines