Use Scenario 1 to answer questions 1A, 1B, and 1C (2-4 below).

Scenario 1: Traffic congestion on Riverview Boulevard must be addressed. Adding right-turn lanes will cost $12.9 million (today) with an annual net benefit from reduced congestion of $1.6 million (at the end of each year). The plan is being evaluated at a MARR of 10% over the next 15 years.

1B. Calculate the "C" for the B/C ratio (i.e. calculate the denominator for the B/C ratio). (note: enter your answer in millions of dollars; do not include dollar signs, percentage signs, or spaces).