Current Attempt in Progress A county will invest $3,600,000 to clean up a chemical spill that occurred following a natural disaster. At the end of the 12-year planning horizon, an additional $700,000 will be spent in restoring the site to an environmentally acceptable condition. The investment is expected to produce net annual benefits that will decrease by 28% each year. The net annual public benefit in the 1st year is estimated to be $1,900,000. Determine the B/C ratio for the investment using a 6% MARR. Click here to access the TVM Factor Table calculator. B/C= Carry all interim calculations to 5 decimal places and then round your final answer to 3 decimal places. The tolerance is ±0.003.

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter3: Income Sources
Section: Chapter Questions
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Current Attempt in Progress
A county will invest $3,600,000 to clean up a chemical spill that occurred following a natural disaster. At the end of the 12-year
planning horizon, an additional $700,000 will be spent in restoring the site to an environmentally acceptable condition. The
investment is expected to produce net annual benefits that will decrease by 28% each year. The net annual public benefit in the 1st
year is estimated to be $1,900,000. Determine the B/C ratio for the investment using a 6% MARR.
Click here to access the TVM Factor Table calculator.
B/C=
Carry all interim calculations to 5 decimal places and then round your final answer to 3 decimal places. The tolerance is ±0.003.
Transcribed Image Text:Current Attempt in Progress A county will invest $3,600,000 to clean up a chemical spill that occurred following a natural disaster. At the end of the 12-year planning horizon, an additional $700,000 will be spent in restoring the site to an environmentally acceptable condition. The investment is expected to produce net annual benefits that will decrease by 28% each year. The net annual public benefit in the 1st year is estimated to be $1,900,000. Determine the B/C ratio for the investment using a 6% MARR. Click here to access the TVM Factor Table calculator. B/C= Carry all interim calculations to 5 decimal places and then round your final answer to 3 decimal places. The tolerance is ±0.003.
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