A community project will cost $2,700. The individual benefits of the five members of the community are as follows: Resident A - $700, Resident B - $900, Resident C - $300, Resident D- $400, and Resident E - $400. The total cost of the project is equally distributed among the five residents in amount of $500 each. Provide a brief elaboration on the following: 1. Is the project economically feasible? 2. Would the project be approved by majority of the residents at a referendum? 3. Does the project meet the Pareto criterion? 4. If possible, revise the cost share to allow the project to meet the Pareto criterion and to pass a referendum