Consider economic efficiency of two proposals, A and B. Project A has the following schedule of costs and benefits: Costs: $8,000 immediately (year 0), and $8,000 at the end of year 3 Benefits: $6,000 by the end of each of years 1-3; $3,000 by the end of each of years 4-6. Project B has the following schedule of costs and benefits: Costs: $15,000 immediately (year 0), and $1,000 at the end of year 3 Benefits: $10,000 by the end of each of years 4-6. 1. Calculate Net Present Value (NPV) and Benefit-Cost (BC) ratio for each project using 0.01 (1%) as discount rate a. Which project would you recommend? b. What is the advantage (difference in NPV) of the recommended project over the second-best project? 2. Now calculate NPV and BC ratio for each project using 0.05 (5%) as discount rate. a. Which project would you recommend now? b. What is now the advantage of the recommended project over the second-best project? Advice: First set up tables setting out the schedule (from year 0 to year 6) of costs and benefits for projects A and B. Write clear table headings and title Show your work. Do NOT just provide me