Question $4$

Explain the following four quantitative factors that are used for project selection with the help of an example.

The four quantitative factors are:

a$)$ Benefit$-$Cost Ratio $($BCR$)$

b$)$ Present Value $($PV$)$

c$)$ Net Present Value $($NPV$)$

d$)$ Payback Period $($PP$)$

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Question $5$

What questions does a project objective answer? What would be an example of a good project objective?