A firm, having a cost of capital of 12%, evaluates a small mining project of initial investment of Rs. 100 lakhs. For the benefits shown in the table below, the benefit-cost ratio of the project is

<table class="table-style-1"> <tr> <td>Year</td> <td>1</td> <td>2</td> <td>3</td> <td>4</td> </tr> <tr> <td>Benefits (Rs. in lakhs)</td> <td>25</td> <td>40</td> <td>40</td> <td>50</td> </tr></table> 0.985

1.145

1.384

1.550

A firm, having a cost of capital of 12%, evaluates a small mining project of initial investment of Rs. 100 lakhs. For the benefits shown in the table below, the benefit-cost ratio of the project is
Correct Answer 1.145