Canadian government is considering building apartments for government employees working in a foreign country and living in locally owned housing. Two alternatives are being evaluated (all values in millions of $$):

 Building XBuilding Y
Original investment by government agency$9.000$13.000
Estimated annual costs$0.180 $0.180
Savings in annual rent being paid to house employees$1.320 $1.960

Assume the salvage value of the apartments to be 45.0% of the first investment. Calculate the incremental BCR using 10% MARR and 20-year study period

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