a) An incremental B/C analysis of two public sector alternatives is needed. When the B/C ratio is determined for the lower-cost alternative, the B/C ratio is compared with which of the following? a. Higher-cost alternative b. Internal Rate of Return (IRR) c. Do-Nothing alternative d. MARR Answer (2 pts): b) Are the alternatives independent or mutually exclusive? (3 pts) c) What five steps are necessary to complete the analysis of these two alternatives? (5 pts, 1 pts each)

a) An incremental B/C analysis of two public sector alternatives is needed. When the B/C ratio is determined for the lower-cost alternative, the B/C ratio is compared with which of the following? a. Higher-cost alternative b. Internal Rate of Return (IRR) c. Do-Nothing alternative d. MARR Answer (2 pts): b) Are the alternatives independent or mutually exclusive? ( 3 pts) c) What five steps are necessary to complete the analysis of these two alternatives? (5 pts, 1 pts each) Briefly summarize the steps here or cite your textbook by page