Question 3 300000 points Save Answ Five independent projects

Question 3 3.00000 points Save Answ Five independent projects consisting of reinforcing dams, levees, and embankments are available for funding by certain public agency. The following tabulation shows the equivalent annual benefits and costs for each. Which projects are the best and the worst respectively? Use benefit-cost ratio. Project Annual Benefits Annual Costs A $1,800,000 $2,000,000 B $5,600,000 $4,200,000 C $8,400,000 $6,800,000 D $2,600,000 $2,800,000 E $6,600,000 $5,400,000 a, E, D b. A, B c.B.A d.?. E

Solution

Annual   Annual Benefit-Cost Project Benefits Cost Ratio A 1800000 2000000 0.90 B 5600000 4200000 1.33 C 8400000 6800000 1.24 D 2600000 2800000 0.93 E 6600000 5400000 1.22 Answer is c. B, A