A county will invest $4,700,000 to clean up a chemical spill…
A county will invest $4,700,000 to clean up a chemical spill that occurred following a natural disaster. At the end of the 10-year planning horizon, an additional $1,500,000 will be spent on restoring the site to an environmentally acceptable condition. The investment is expected to produce net annual benefits that will decrease by 28% each year. The net annual public benefit in the 1st year is estimated at $2,560,000. The MARR is 11%. What is the B/C ratio for this project? Express the B/C ratio using two (2) significant decimal digits, i.e., X.xx or XX.xx. Your B/C should be a positive number.