Iskandar Malaysia in Johor is planning to introduce a new set of public transit system. Thus, if the vehicle operating costs is RM 0.10/km, travellers value their time at RM 3.00/hour, and the average cost of a traffic accident is RM 25,000, what is the benefit-cost ratio? Assume an interest rate of 9% per annum.

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Iskandar Malaysia in Johor is planning to introduce a new set of public transit system. Thus, if the vehicle operating costs is RM 0.10/km, travellers value their time at RM 3.00/hour, and the average cost of a traffic accident is RM 25,000, what is the benefit-cost ratio? Assume an interest rate of 9% per annum.

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