Please help

1. The CTA has developed plans to construct a bus rapid transit (BRT) line along Ashland Avenue. While these plans are stalled at present, we can still think about the pros and cons of the proposal, based on some "back of the envelope" calculations based on publicly available information. Suppose the BRT would save commuter time valued at $17 million annually, and the one-time costs of the project are $160 million. Assume a discount rate of 7%, and assume that the project "lasts" for 10 years. a. Calculate the net benefits of the project. That is, calculate the net present value of the project. b. How heavily would you have to "weight" the benefits to commuters to drive the weighted net benefits to $0? Does that weight seem reasonable to you? Why or why not? c. If you used equal weights on both costs and benefits (our "usual" approach in CBA, in which we ignore distributional issues), how many years would the project have to generate annual benefits to drive the net PV to $0? d. Can you think of an actual or potential transportation project that seems likely to increase equity but decrease efficiency? What information would you want to consider before deciding whether to proceed? e. Can you think of an actual or potential transportation project that seems likely to increase efficiency but decrease equity? What information would you want to consider before deciding whether to proceed