BCR of \$180,000 investment yielding \$60,000 annual benefits at 7% annually
Problem
\$180,000 was spent on the project that yields annual benefit of \$60,000 for a period of 8 years without any salvage value. Determine the benefit-to-cost ratio considering the cost of money to be 7%.
| A. 1.99 | C. 1.57 |
| B. 2.21 | D. 2.63 |