Problem $09\mathrm{.}020-$ Benefit$/$Cost analysis of a single project

A consultant, after $3$ months of work, reported that the modified B$/$C ratio for a city$-$owned hospital heliport project is $1\mathrm{.}100.$ If the initial

cost is $$2\mathrm{.}200$ million and the annual benefits are $$140,000,$ what is the amount of the annual M&O costs used in the calculation? The

report stated that a discount rate of $8\mathrm{.}00\%$ per year and an estimated life of $25\mathrm{.}00$ years were used. $($Round the final answer to three

decimal places.$)$

The $M$&$O$ cost is $$|,|.$