Fill in the blanks of the following table with the results you have computed and answer the following question: What is the net present value of benefits of this project? Should the state government undertake this project? Costs Asphalt Labor Maintenance Quantity 1 million bags 1 million hours $10 million/year Price/Value $100/bag 1/2 at $20/hour and 1/2 at $10/hour 7% discount rate First-year cost Total cost over time Total $100 million $15 million $143 million $115 million $258 million Benefits Driving time saved Lives saved 500,000 hours/year $20/hour 7 lives/year $9.2 million/life First-year benefit Total benefit over time Benefits over time minus cost over time $10 million $64.4 million $74.4 million $1062 million $804 million