A state highway department is considering a bypass loop that is expected to save motorists $809,000 per year in gasoline and other automobile-related expenses. However, local businesses will experience revenue losses estimated to be $131,000 each year. The cost of the loop will be $8,200,000. Calculate the conventional B/C ratio using an interest rate of 7% per year and a 15-year project period. The conventional B/C ratio is