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<br />allocations to flood control, recreation, and fish-wildlife amount to <br />$29,664,000, leaving a reimbursable investment of $108,978,000. That <br />cost could be reimbursed with interest within a 50-year period by <br />municipal and industrial water charges and power sales. <br /> <br />The unit has a total benefit-cost ratio of 1.43 to 1.00 over a 100-year <br />period with interest at the rate of 3-1/8 percent. <br /> <br />, <br /> <br />It appears that the unit has an excellent probability of economic <br />justification and financial feasibility. Inasmuch as funds are already <br />available in fiscal year 1965 for feasibility studies, I recommend that <br />you approve and adopt this report and arrange for the initiation of <br />full-scale feasibility studies as soon as possible. <br /> <br />Enclosures <br /> <br />~~L~ <br /> <br />10 <br /> <br />Revised 3/65 <br />