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6. (15 marks) You are asked to conduct a benefit-cost analysis to recommend if the local government should undertake a project to develop Gringoland Marine

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6. (15 marks) You are asked to conduct a benefit-cost analysis to recommend if the local government should undertake a project to develop Gringoland Marine Park. A set of costs and benefits is given for a 10 -year period. a. The social discount rate used in cost-benefit analysis is an interset rate applied to benefits and cost that are expected to occur in the future in order to convert them into a present value a. Should you recommend the project if the discount rate is 5% ? Why or why not? Show all the necessary calculations. b. Should you change your recommendation if the discount rate is 10% ? Why or why not? Show all the necessary calculations

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