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Economic Analysis is a tool which may be used to select among project alternatives. Various Economic Indicators are created. 1. Define Benefit/Cost analysis. 2. What

Economic Analysis is a tool which may be used to select among project alternatives. Various Economic Indicators are created. 1. Define Benefit/Cost analysis. 2. What are some of the benefits to using Benefit/Cost analysis? 3. What are some of the concerns with using Benefit/Cost analysis? 4. How might the Benefit/Cost analysis indicator be effectively used with other indicators such as Net Present Value, Internal Rate of Return and Payback

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