The following data is provided for a PPP project.     To the People   To the Government Benefits $95,000 per year beginning now Cost $1.8 million now and $200,000 every 3 years Disbenefits $60,000 per year Savings $115,000 per year   1--Calculate the conventional benefit/cost ratios using an interest rate of 12% per year and an infinite project period.  The conventional B/C ratio is  . 2--Calculate the modified benefit

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