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The initial cost of a federal highway project is $4 million. After deducting all maintenance expenses, benefits of $300,000 per year during its 20-year life

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The initial cost of a federal highway project is $4 million. After deducting all maintenance expenses, benefits of $300,000 per year during its 20-year life have been identified. The Benefit to Cost Ratio (BCR) value at an interest rate of6% per year is closest to: (5 Pts) 16. a. 0.72 b. 0.75 c. 0.86 d. 1.0 e. 1.36

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