To the People To the Government Benefits: $300,000 now Costs: $1.5 million now and $100,000 and $200,000 three per year thereafter Disbenefits: $40,000 per year years from now Savings: $70,000 per...

From the following data, calculate the (a) conventional and (b) modified benefit/cost ratios using a discount rate of 6% per year and a very long (infinite) project life.

Extracted text: To the People To the Government Benefits: $300,000 now Costs: $1.5 million now and $100,000 and $200,000 three per year thereafter Disbenefits: $40,000 per year years from now Savings: $70,000 per year