A state highway safety agency must allocate its budget for the next fiscal year. A total funding of $32 million has been granted for reducing fatalities and property damage due to automobile accidents. However, detailed funding decisions concerning specific programs remain to be made. The table lists pertinent data on four major programs. To solve its budget problem, the council still must formulate a trade- off between lives saved and property damage prevented. The council is aware that a certain government agency employed $1.6 million as the value of a life saved. To make a start on its decision, members of the council have agreed to use this figure, enabling it to put a dollar value on the total benefits (from lives and property saved) of a given expenditure on each program.