A state department of health is considering a public awareness campaign to encourage vaccination. It...
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A state department of health is considering a public awareness campaign to encourage vaccination. It determines that the cost of this campaign would be $750,000 per year for the next 6 years. It estimates that the campaign would reduce rates of illness and communicable diseases. At the end of the first year of the campaign, the resulting savings would be $1,100,000; the savings would decrease by $105,000 each of the following 5 years. Assuming a discounting factor of 5.5%, compute the benefit cost ratio. Enter your answer with 2 decimal places (e.g., X.xx)
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