Question 10. (8 pts): An Ankara Metropolitan Municipality project for improving navigation on the Cubuk River will have an initial cost of $6,500,000 and annual maintenance cost of $130,000. Benefits for canoeing and paddle wheel touring boats are estimated at $820,000 per year. The project is assumed to be permanent, and the discount rate is 8% per year. Calculate the B/C ratio if the municipality use conventional B/C ratio formula