The William Fine method is a risk assessment tool that can be used to evaluate the cost-effectiveness of corrective strategies 1. To calculate the J-value, we need to use the following formula: J = (RS x CF x DC) / C Where: RS: Risk score CF: Cost factor DC: Degree of correction C: Cost of control or elimination of the risk Based on the information provided, the project will reduce the risk by 42%. Therefore, the new risk score would be 58% of the original risk score. Assuming that the original risk score was 100, the new risk score would be 58. The cost of control or elimination of the risk is $235,000. The degree of correction is 42%, which means that only 58% of the original risk remains after the project is completed. The cost factor and degree of correction values are shown in Table 1 and Table 2 respectively 2. Using these values, we can calculate the J-value as follows: J = (58 x 0.5 x 0.6) / 235000 J = 0.00000074 According to William Fine's method, if J is greater than or equal to 10, costs of control or elimination of the risk are acceptable.