A county in Tennessee is considering the following public interest project. Initial Cost $22.5M Annual Maintenance Cost $525K EUAB $3.3M Given a useful life of 12 years and an interest rate of 4%, the benefit /cost ratio is........... A. 1.01 B. 1.67 C. 1.48 D. 1.51.

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A county in Tennessee is considering the following public interest project.

Initial Cost $22.5M
Annual Maintenance Cost $525K
EUAB $3.3M

Given a useful life of 12 years and an interest rate of 4%, the benefit /cost ratio is...........
A. 1.01
B. 1.67
C. 1.48
D. 1.51.
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