formula for computing a modified B-C ratio. Answer: to use the correct (NOTE: ENTER YOUR ANSWER ROUNDED TO TWO DECIMAL PLACES, for instance as 2.56, not as 2.564321) DO NOT ROUND IN YOUR CALCULATION STEPS (USE CALCULATOR MEMORY FUNCTIONS) A public reforestation project is being considered. The project would involve a purchase of a large land area, and subsequent planting and maintenance of trees. The project is assumed to last 48 years, with the land kept as government property afterwards, and no cash flows resulting from the project's liquidation. The initial cost of purchasing land is estimated at $29 million, with ongoing annual cost o planting trees and maintenance crew salaries of $765000 per year. The annual benefits to the public in terms of cleaner air, recreation, nd reduced flooding are quantified at an estimated $1.8 million per year. Assuming 7% cost of capital, calculate the CONVENTIONAL ratio of the project. swer: Finish att