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When figuring the benefit-cost ratio, I know that I take the present value of cash inflows/ present value of cash outflows. Year 0 = (46,500)

When figuring the benefit-cost ratio, I know that I take the present value of cash inflows/ present value of cash outflows.

Year 0 = (46,500) cash flow

Year 1 = 12,200 cash flow

Year 2 = 38,400 cash flow

Year 3 = 11,300 cash flow

I'm trying to figure out what the benefit-cost ratio is for this investment at a 14.5% required return.

I got 61,900/46,500 = 1.33 BCR. Is this correct?

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