Question: QUESTION 4 A flood control project will have a first cost of $1079296 with an annual maintenance cost of $41242 and a 10-year life. Reduced

QUESTION 4 A flood control project will have a first cost of $1079296 with an annual maintenance cost of $41242 and a 10-year life. Reduced flood damage is expected to amount to $190803 per year. Lost income to farmers is estimated to be $21669 per year. At an interest rate of 6% per year, calculate the conventional Benefit/Cost ratio which will show us if the project should be undertaken

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