Assume a project has $500 in initial costs.If annual benefits of the project are $800 and annual costs are $500, using a discount rate of 5%, what is the discounted benefit/cost ratio over 3 years?
A)1.20
B)1.36
C)1.17
D)1.09

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The Answer of Assume a project has $500 in initial costs.If annual benefits of the project are $800 and annual costs are $500, using a discount rate of 5%, what is the discounted benefit/cost ratio over 3 years?
A)1.20
B)1.36
C)1.17
D)1.09

Assume a Project Has $500 in Initial Costs