Q19.8 To measure public project desirability, positive and negative aspects of the project must be expressed in

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Q19.8 To measure public project desirability, positive and negative aspects of the project must be expressed in terms of a common monetary unit. Explain the importance of the present value concept in benefit/

cost ratio calculations using a 5 per cent interest rate assumption and a 5-year project life.

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Managerial Economics

ISBN: 1518

14th Revised Edition

Authors: Mark Hirschey

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