Question 4 Three mutually exclusive alternative public works projects are currently under consideration. The respective cost and benefits are included in the Table 1 that follows. Each of the projects has a useful life of 50 years, and MARR is 10% per year. Recommend which project should be selected. (17 marks) Item Project A $8,500,000 Capital Investments Annual O&M Cost Market value $750,000 Project B $10,000,000 $725,000 $1,750,000 $2,265,000 Project C $12,000,000 $700,000 $2,000,000 $2,500,000 $1,250,000 Annual Benefit $2,150,000