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Example #5 Three alternative congestin mitigation projects are being considered for an urban freeway corridor. The costs and benefits associated with the alternatives are given

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Example #5 Three alternative congestin mitigation projects are being considered for an urban freeway corridor. The costs and benefits associated with the alternatives are given in the following table. Assume an interest rate of 5% and an analysis period of 20 years. Which of the alternatives (prioritized) would you recommend on the basis of economic efficiency? o Use Net Present Value Use the Incremental B/C Ratio (PWOB/PWO 19 Example #5 Three alternative congestin mitigation projects are being considered for an urban freeway corridor. The costs and benefits associated with the alternatives are given in the following table. Assume an interest rate of 5% and an analysis period of 20 years. Which of the alternatives (prioritized) would you recommend on the basis of economic efficiency? o Use Net Present Value Use the Incremental B/C Ratio (PWOB/PWO 19

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