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A state highway department is considering a bypass loop that is expected to save motorists $845,000 per year In gasoline and other automobile-related expenses. However, local businesses will experience revenue losses estimated to be $140,000 each year, The cost of the loop will be $9,700,000. Calculate the conventional B/C ratio using an interest rate of 8.00% per year and a 15.00-year project period. (Round the final answer to three decimal places.) The conventional B/C ratio Is