Problem 07.016 - Modified Benefit/Cost ratio for public works project The cash flows associated with a public works project in Buffalo, New York, are shown. Use the modified B/C ratio at a discount rate of 5% per year to determine the economic justification. First cost, $ AW of benefits, $/year AW of disbenefits, $/year M&O costs, $/year Life of project, years 65,000,000 8,400,000 11,700,000 ||1,875,000 30 The modified B/C ratio is The project is economically (Click to select) V Problem 07.016 - Modified Benefit/Cost ratio for public works project The cash flows associated with a public works project in Buffalo, New York, are shown. Use the modified B/C ratio at a discount rate of 5% per year to determine the economic justification. First cost, $ AW of benefits, $/year AW of disbenefits, $/year M&O costs, $/year Life of project, years 65,000,000 8,400,000 11,700,000 ||1,875,000 30 The modified B/C ratio is The project is economically (Click to select) V