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The B/C ratio for a flood control project along the Swanee River was calculated to be 1.2. If the benefits were $580,000 per year and

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The B/C ratio for a flood control project along the Swanee River was calculated to be 1.2. If the benefits were $580,000 per year and the maintenance costs were $275,000 per year, determine the initial cost of the project at an interest rate of 10% per year and a 50-year life

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