Humbolt County has decided to build a new park for county residents if the net present value is positive. The county has decided to charge a user fee for using the park. Humbolt County has hired you to determine if the public park should be built. The following are the monetized impacts associated with the project.

Impact	Present Value ($M)	National Perspective		County perspective
		$	B/C/T/NS	$	B/C/T/NS
Grant from the state	1
Park Construction Costs	13
Salaries of Maintenance Personnel	8
Fee Revenue from county residents	9
Fee Revenue from non-residents	2
Monetized value of benefits to county residents	18
Monetized value of benefits to non-residents	4
Net Benefit (NB)		______		_______

1a. Assume a national perspective and, with the information provided above, calculate the net benefits of the project. Clearly indicate which impacts you consider and which are costs and which are benefits, etc, using the table above.

1b. Assume a county perspective and, with the information provided above, calculate the net benefits of the project. Clearly indicate which impacts you consider and which are costs and which are benefits, etc, using the table above.

1c. How would a guardian in the county budget office calculate the net benefits? Clearly indicate which impacts you consider and which are costs and which are benefits, etc.

1d. How would a spender in the Humbolt mayors office calculate the net benefits? Clearly indicate which impacts you consider and which are costs and which are benefits, etc.