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If the local government invests in a project which has a 20 years useful life...

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Question

Accounting

If the local government invests in a project which has a 20 years useful life and initial investment of 2.25 million dollars and the yearly benefit is $250,000, with a maintenance cost (starting in year 1), what is Benefit Cost Ratio (rounded to the whole percentage, no decimals) ?

A.

none of the given choices
B.

75%
C.

60%
D.

80%

Answer & Explanation Solved by verified expert
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