The estimated annual cash flows for a proposed municipal government project are costs of $820,000 per year,
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The estimated annual cash flows for a proposed municipal government project are costs of $820,000 per year, benefits of $900,000 per year, and dis benefits of $270,000 per year. Calculate the conventional B/C ratio at an interest rate of 5% per year, and determine if it is economically justified.
The B/C ratio is __________.
The project is economically________.
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