Application 1 (application 10.0 in your textbook) As an aid to Governor, you are given the task of recommending whether or not the state should locate a low-level nuclear waste facility in a rural county. The nuclear industry provides you with a cost-benefit study they've conducted that gives you the following information: COST-BENEFIT SUMMARY FOR PROPOSED WASTE FACILITY Prepared by the Center for the Objective Study of Nuclear Issues Conclusion: The project will result in Net Benefits of $3 billion, with a benefit-cost ratio of 13. While these figures, of course, depend on the assumptions of the study, the very large Net Benefit figure, along with the extraordinarily high benefit-cost ratio both indicate that the project will remain attractive under most plausible assumptions. We, therefore, strongly recommend initiating the proposal