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

ral

Annual O&M costs

Salvage value

Annual benefit

Optimistic

$9,787,429

$854,960

$1,600,000

$2,033,528

Most Likely

$11,628,574

$927,203

$1,500,000

$1,838,236

Pessimistic

$14,638,050

$1,269,950

$1,400,000

$1,791,369

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