Compute the modified benefit-cost ratio for the railway construction project below: Necessary first costs $1600k...

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Finance

Compute the modified benefit-cost ratio for the railway construction project below:

Necessary first costs $1600k Benefit to users (annually) $700k Disbenefit to users (annually) $25k Government cost (annually) $120k Life of project (years) 50 Interest rate 10%

Include 3 decimal places in your answer (such as 5.012 instead of 5 or 5.0124)

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