Question: The B / C ratio for a flood control project along the Swanee River was calculated to be 1 . 8 0 0 . If

The B/C ratio for a flood control project along the Swanee River was calculated to be 1.800. If the benefits were $610,000 per year and the maintenance costs were $161,000 per year, determine the initial cost of the project at an interest rate of 12.00% per year and a 50-year life. (Round the final answer to three decimal places.)

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