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The modified B/C ratio for a city-owned hospital heliport project is 1.7. The initial cost is $1 mil- lion, annual benefits are $150,000, and the

The modified B/C ratio for a city-owned hospital heliport project is 1.7. The initial cost is $1 mil- lion, annual benefits are $150,000, and the estimated life is 30 years. What is the amount of the annual M&O costs used in the calculation at a dis- count rate of 6% per year?

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