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For an infrastructure project, the capital investment is $9,954,905, the annual operation and maintenance cost is $772,408, the annual benefit is $2,309,959, and the salvage
For an infrastructure project, the capital investment is $9,954,905, the annual operation and maintenance cost is $772,408, the annual benefit is $2,309,959, and the salvage value is $1,825,348. If the project has a useful of 50 years, and the interest rate is 7% annually. What is the benefit-cost-ratio of this project (keep two decimal places)
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