3. To compare the feasibility of a project, the following information was provided. To the People To the Government Benefits Cost $110,000 per year beginning now $25,000 per year $1.8 milion now and $200,000 every 3 years $100,000 per year Disbenefits Savings a) Calculate the conventional benefit/cost ratios using an interest rate of 6% per year and an infinite project period. b) Calculate the modified benefit/cost ratios using an interest rate of 12% per year and an infinite project period