Calculate the conventional and modified benefit-cost ratio for the investment represented by the following data. Required first

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Calculate the conventional and modified benefit-cost ratio for the investment represented by the following data.

Required first costs                           $1,200,000

Annual benefits to users                     $500,000

Annual disbenefits to users                  $25,000

Annual cost to government                $125,000                     

Project life                                               35 years

Interest rate                                                 10%

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