A permanent flood control dam is expected to have an initial costi of 2.8 million and an annual M&O oost of $20,000 in addition, minor

reconstniction will be required 5 years at cost $200,000 As a result of the

dam, flood damage, will reduced by an average of $310.000 per year. Using an interest rate of 6% per year, the conventional B/C ratio will be closest to ?

add cash flow diagram if you can