A flood control project with a life of 16 years will require an investment of $55,000 and annual maintenance costs of
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A flood control project with a life of 16 years will require an investment of $55,000 and annual maintenance costs of
A flood control project with a life of 16 years will require aninvestment of $55,000 and annual maintenance costs of $6,000. Theproject will provide no benefits for the first two years but willsave $26,000 per year in flood damage starting in the third year.The appropriate MARR is 12% per year. What is themodified B-C ratio for the flood control project?