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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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