5. Suppose we have a project that we are currently considering for implementation but are uncertain as to the various net benefits that could be received in the next period. In the present period however, we are perfectly certain as to the level of net benefits received. (In the next period, net benefits received can be one of three possibilities). Net Benefits and their associated probabilities over the 2 periods are shown in the table below. Net Benefits Probability (B-C) Periodo - 600,000 1.0 Period 1 - 600,000 .20 400,000 .30 1,400,000 .50 (5.A) If the discount rate is 10%, what is the expected net present value of this project? If society is risk neutral and the alternative is to do nothing, should the project be undertaken or not? What if society is risk averse? (5 points) (5.B) If the discount rate is 1%, what is the expected net present value of this project? If society is risk neutral, should the project be undertaken or not? What if society is risk averse? Are there any reservations about the decision? (5 points)