3. a) From the following estimates, determine the B/C ratio for a project that has a 20- year life. Use an interest rate of 1% per year. Consequences to the government Consequences to the people...

Extracted text: 3. a) From the following estimates, determine the B/C ratio for a project that has a 20- year life. Use an interest rate of 1% per year. Consequences to the government Consequences to the people Annual benefit $95000 First cost $650000 Annual disbenefits $10000 Annual cost $20000 Annual savings $56000 [Hint: the value of I = |15.50 - last digit two of your unique id/; Example: if your id is 201-021-651 then I = |15.50-21| = 5.50%, so, interest rate will be 5.50%]