Question 8 10 pts Using the benefits and costs data below for Project 1, 2 and 3, conduct a Conventional Incremental B/C Ratio Analysis for Project 1 and Project 2. With a given annual interest rate of 8%, select the correct Incremental B/C ratio. All Projects have First cost Annual Annual Infinite Life Cost Benefits Project 1 Project 2 Project 3 -1,000,000 -1,500,000 -2,500,000 -60,000 -45,000 -30,000 Annual dis- benefits -50,000 -60.000 -75,000 200,000 250,000 360,000 1.25 O 0.86 O 1.60 O 1.12 Question 9 10 pts Using the data from Problem 7 above, conduct a Conventional Incremental B/C Ratio Analysis for project 2 and 3. With a given annual interest rate of 8%, select the correct Incremental B/C ratio, 1.46 1.32 01.24 O 0.78