Question: The following data is provided for a PPP project. To the People To the Government Benefits $90,000 per year beginning now Cost $1.8 million now

The following data is provided for a PPP project.

To the People To the Government
Benefits $90,000 per year beginning now Cost $1.8 million now and $200,000 every 3 years
Disbenefits $30,000 per year Savings $120,000 per year

Calculate the modified benefit/cost ratios using an interest rate of 9% per year and an infinite project period.

The modified B/C ratio is ( )

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