3. (10 pts) The city of Starkville is considering two separate cell tower providers. The city expects a benefit-cost ratio of 1.0 or better, and their cost of capital is 10% per year. Assume repeatability. Verizon $90,000 Initial investment (first cost) Useful life in years Market value at end of useful life Annual benefits from operation Annual operating expenses $25.000 $30,000 $9,800 $170,000 12 $40,500 $40,000 $11,300 a. Conduct benefit-cost ratio on the Verizon and AT&T projects and indicate which project is the preferred project. b. Conduct an incremental difference to validate decision