P600000 was spent on the project that yields annual benefit of P300, 000 for a period of 5 yrs. cost ratio considering the cost of money to be 5%. without any salvage value. Determine the benefit

P600000 was spent on the project that yields annual benefit of P300, 000 for a period of 5 yrs. without ary salvage value Determine the benefit costratio considering the cost of moncy to be 5%