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3. (20 Points) You are offered the following information about a proposed government project: The costs of building the project will total $700, with $200
3. (20 Points) You are offered the following information about a proposed government project: The costs of building the project will total $700, with $200 of expenses incurred immediately and $100 incurred over each of the five subsequent years. Benefits from the project will be $100 at the end of the second year, $200 at the end of the third year, and $300 per year from the end of the fourth and fifth year. a.) Assuming a discount rate of 7%, is the project viable? b.) How would your answer change if all of the expenses were incurred immediately
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