Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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The estimated annual cash flows for a proposed municipal government project are costs of $850,000 per year, benefits of $930,000 per year, and disbenefits of $300,000 per year. Calculate the conventional B/C ratio at an interest rate of 9% per year, and determine if it is economically justified.
The B/C ratio is______
The project is economically ((Click to select)
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