For the data given in Problem 16-13, for handling benefits and costs, demonstrate that the calculated B/C ratio is the same using the each of the following methods: present worth, annual worth, and future worth.
In Problem 16-13
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%