The modified B/C ratio for a city-owned hospital heliport project is 1.7. If the initial cost is $1 million and the annual benefits are $150,000, what is the amount of the annual M&O costs used in the calculation, if a discount rate of 6% per year applies? The estimated life is 30 years. The choices are $27,495 per year, $24,495 per year, $26,495 per year, and $25,495 per year