Problem 09.022 Benefit/Cost Analysis of a Single Project Calculate the B/C ratio for the following cash flow estimates at a discount rate of 6% per year. Is the project Justified? Item PW of Benefits, $ AW of Disbenefits, $/year First Cost, $ M&O Costs, $/Year Life, Years Estimate 3,850,000 45,000 1,050,000 20 The B/C ratio is mmmmm The project is not justified