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TAMU Evans Library plans to renovate its book shelving system. The new shelving system has a first cost of $200,000, and a useful life of

TAMU Evans Library plans to renovate its book shelving system. The new shelving system has a first cost of $200,000, and a useful life of 10 years. The annual maintenance is expected to be $30,000. The annual monetized benefits to the library staff and students are expected to be $85,000. If the annual interest rate is 10%, what is the benefit-cost (B/C) ratio of the library shelving system?

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