1. The City of Corvallis is considering building its own baseball stadium for the Corvallis Knights. City staff have calculated the following present values over the expected life of the stadium: Item Present Value (Millions $) Construction + maintenance costs 20 Benton County infrastructure grant Ticket sales revenue from Corvallis residents Ticket sales revenue from other (non-Corvallis) Benton 2 County residents Ticket sales revenue from non-Benton County residents Additional revenue to Corvallis businesses from non-local 0.25 Benton Co. residents Scrap Value 4 Assume construction and maintenance are carried out by a contractor and crew from Portland (not in Benton County). a. Assuming standing for Corvallis residents, what is the net social benefit of the project? 2 pts. b. Assuming standing for Benton County residents, what is the net social benefit of the project? 2 pts c. Assuming standing for the entire state, what is the net social benefit of the project? 2 pts