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The B/C ratio for a flood control project along the Swanee River was calculated to be 1.6. If the benefits were $550,000 per year and

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The B/C ratio for a flood control project along the Swanee River was calculated to be 1.6. If the benefits were $550,000 per year and the maintenance costs were $181,000 per year, determine the initial cost of the project at an interest rate of 7% per year and a 50-year life. The initial cost of the project is $ 5

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