What is the benefit-cost ratio of the shelving system

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A library shelving system has a first cost of $23,500 and a useful life of 10 years. The annual maintenance is expected to be $2,700. The annual benefits to the library staff are expected to be $8,600. If the effective annual interest rate is 9.5%, what is the benefit-cost ratio of the shelving system?

Reference no: EM131387656

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