The benefits associated with a nuclear power plant cooling water filtration project located on the Ohio River are $14,000 per year forever, starting in year 1. The costs are $70,000 in year 0 and $70,000 at the end of year 2. At i = 10% per year, calculate the B/C ratio to determine if the project is justified economically.

The B/C ratio will be _

The project is economically: justified/not justified