Problem No.1 A proposed project that builds a public wet market stall for the vendors in a certain place is estimated to cost $10,000,000.00 for all the initial investment. Maintenance and security is needed to maintain order and reliability of the infrastructure costing about $125,000.00 every year. It is estimated to generate an annual net revenue of $1,500,000.00. According to the proposed project its lifetime is up to 20 years and a minimum attractive rate of return is 5% per year. Using the conventional and modified formulas, is the project economically feasible and justifiable? Problem No.2 A runway extension is proposed in order to accommodate the large volume of passengers that comes in and out of the airport every year, its initial investment is summed up to $25,000,000.00. Because of this project it is estimated that it generates benefits by about $4,000,000.00 yearly and requires maintenance and operations amounting to $150,000.00 every year for the next 15 years. With a MARR of 6%, is the project economically feasible? What is the B-C ratio for Problem No.1 using the conventional formula for PW? * 1.62 1.92 O 1.23 O 1.57 What is the B-C ratio for Problem No.1 using the modified formula for PW? * 1.64 1.44 1.71 O 1.98 What is the B-C ratio for Problem No.1 using the modified formula for AW? * O 1.44 1.64 1.71 O 1.98 What is the B-C ratio for Problem No.1 using the conventional formula for AW? * O 1.62 1.57 1.23 O 1.92 What is the B-C ratio for Problem No.2 using the conventional formula for PW? * 1.11 1.71 1.56 O 1.47 What is the B-C ratio for Problem No.2 using the conventional formula for AW? * O 1.47 1.56 1.11 O 1.71 What is the B-C ratio for Problem No.2 using the modified formula for PW? * 1.50 1.55 1.65 O 1.22 What is the B-C ratio for Problem No.2 using the modified formula for AW? * 1.55 1.50 O 1.22 O 1.65