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The estimated first cost to set up a government project with a 18-year life is $42,000 and no maintenance cost. The annual benefits are twice
The estimated first cost to set up a government project with a 18-year life is $42,000 and no maintenance cost. The annual benefits are twice the annual disbenefits. If the project is not economically justified with a B/C ratio of 0.7, determine the value of the disbenefits at an interest rate of 9% per year.
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