Question: The NSW Government is considering a project that will require an investment of $6 million. However, it will provide benefits to the public at a

The NSW Government is considering a project that will require an investment of $6 million. However, it will provide benefits to the public at a value of $920,000 per year. Annual maintenance expenses are anticipated to be $104,000. The project can be assumed to have an infinite life (N = ). If the NSW Governments MARR is 10% per year, determine whether the project is economically attractive using the conventional Benefit-Cost ratio

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