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Question: 9 a public works project has an initial cost of...

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9. A public works project has an initial cost of $1,300,000, benefits with a present value of $1,500,000, and dis-benefits with a present value of $300,000.

a. What is the benefit-cost ratio?

b. What is the excess of benefits over the cost?

c. Should the project move forward and why?

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