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The modified B/C ratio for a city-owned hospital heliport project is 1.7. The initial cost is $0.5 million, annual benefits are $150,000, and the estimated

The modified B/C ratio for a city-owned hospital heliport project is 1.7. The initial cost is $0.5 million, annual benefits are $150,000, and the estimated life is 25 years. What is the amount of the annual M&O costs used in the calculation at a discount rate of 6% per year?

The annual M&O costs is $__________ .

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