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A consultant, after 3 months of work, reported that the modified B/C ratio for a...

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Accounting

A consultant, after 3 months of work, reported that the modified B/C ratio for a city-owned heliport project is 1.7. If the initial cost is $1.9 million and the annual benefits are $170,000, what is the amount of the annual M&O costs used in the calculation? The report stated that a discount rate of 11% per year and an estimated life of 30 years were used.
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