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4. There are five alternatives for improvement of a road. Determine which alternative would be chosen if the highway department is willing to invest money

4. There are five alternatives for improvement of a road. Determine which alternative would be chosen if the highway department is willing to invest money as long as there is a B/C ratio of at least 1.00. Alternatives Annual benefits Annual cost P9 000 000 P1 000 000 B P1 300 000 P1 400 000 P2 800 000 P2 100 000 D E P3 300 000 P2 700 000 P4 200 000 P3 400 000 Given and Solution

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