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For an economic development project being considered by a state government, the following cost data is available. Determine both the modified and conventional B/C ratios.

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For an economic development project being considered by a state government, the following cost data is available. Determine both the modified and conventional B/C ratios. Initial cost O&M cost / year Estimated annual benefit Life Salvage value Interest rate = $5.0 million. = $300,000 = $625,000 = 20 Years = $500,000 = 4% = = =

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