Problem
Chungyang Dam is being constructed across the Hungshui River in southern China. The dam will produce electricity to serve over 500,000 people in the region. The initial cost is 3.7 billion yuan and annual operating costs are 39.2 million yuan. A major overhaul of the electric generation facilities estimated to cost 650 million yuan will occur at the end of Year 25. The dam and generating plant have no salvage value, but must be torn down and removed at the end of Year 50 for 175 million yuan. Ishan Electric has a MARR of 10%. What annual benefit in yuan is needed for a B/C ratio of 1? Use the Internet and current exchange rates to find the annual benefit in U.S. dollars.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.