Engineering, 12.09.2021 06:20, maylasia

The B/C ratio for a new flood control project along the bank of Chao Phraya River is required to be 1.2. If the benefit is estimated at $520,000 per year and the maintenance cost is expected to total $320,000 per year, what is the allowed maximum initial cost of the project? The discount rate is 6.5% per year and a project life of 40 years is expected.

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The B/C ratio for a new flood control project along the bank of Chao Phraya River is required to be...