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For data shown, what is the benefit/cost ratio? BENEFITS Increase p. y. Additional business activity $3,000,000 per year 3% Estimated future economic activity $800,000 per
For data shown, what is the benefit/cost ratio?
BENEFITS | Increase p. y. | ||
Additional business activity | $3,000,000 | per year | 3% |
Estimated future economic activity | $800,000 | per year | 4% |
Reduction in accidents | $175,000 | per year | 5% |
DIS-BENEFITS | |||
Destruction of vegetable gardens | $295,000 | per year | 10% |
Reduction in business on present road | $155,000 | per year | 7% |
COSTS | |||
Initial cost | $31,000,000 | over 15 years | |
Maintenance cost | $365,000 | per year | 9% |
Interest rate | RATE | 6% | p. y. c. y. |
Life of project | NPER | 15 | years |
Group of answer choices
1.31
1.06
0.95
0.89
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