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Consider the mutually exclusive alternatives in table below. Which alternative would be chosen according to these decision criteria? Equivalent Annual Cost of Project Annual Benefits
Consider the mutually exclusive alternatives in table below. Which alternative would be chosen according to these decision criteria? Equivalent Annual Cost of Project Annual Benefits Alternative I. No flood control II. Construct levees III. Build small dam Expected Annual Flood Damage $80,000 60,000 3,000 $26,000 $80,000 $118,000 97,000 a. Maximum benefit. Alternative has the maximum benefit, which is $ . (Round to the nearest dollar.) b. Minimum cost. Alternative V has the minimum total cost, which is $ . (Round to the nearest dollar.) c. Maximum benefits minus costs. Alternative | V has the maximum benefits minus costs, which is $ . (Round to the nearest dollar.) d. Largest total cost having an incremental B-C ratio larger than one. Alternative has the largest total cost having an incremental B-C ratio larger than one. e. Largest B-C ratio. Alternative has the largest B-C ratio. Enter your answer in each of the answer boxes
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