1. Two alternative public works projects to prevent flooding by hurricanes are under con- sideration. If the MARR is 4%, which of the projects should be selected? Use both the conventional and modified B/C ratios. Project HC Project LC Capital Investment for Dams and Pumps $9,000,000 $7,500,000 Annual Operations and Maintenance $250,000 $200,000 Annual Benefit $400,000 $300,000 Useful Project Life (years) 60