4. Bangalore Municipal Transport company is evaluating two public transport projects. 1. Bus Rapid Transit and 2. MRTS. a. List what costs and benefits should be take into consideration. (3) b. If the initial cost of BRTS is Rs. 2000 cr. (for 100 km in five years) and annual benefit is Rs. 30000. For MRTS it is Rs. 6000cr for (25 kms in five years) and annual benefit is Rs. 50,000. Assuming a 20 year life for the system and a discount rate of 8% i. Calculate the net present value and benefit cost ratio and IRR for each of system (3) ii. Do you think 8% correctly reflect the discount rate? Why or why not? (2)