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The government has hired you to advise them on the merits of a project that is being proposed. The project is expected to generate $12
The government has hired you to advise them on the merits of a project that is being proposed. The project is expected to generate $12 million in revenue today, $4 million in one year, and $1 million in two years. Although there is no need to pay any fees now, it needs to pay $18 million within two years. Suppose the interest rate is 8%. Calculate the benefit-cost ratio
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