Repeating information from original water pollution project question: The following information is given to you to analyze a project reducing water pollution from food processing plants around San Francisco Bay Area. The numbers reflect annual benefits and costs. Assume this sector is in full employment.

Lives saved: 10 VSL = $5 million

Property value increases due to improved water quality: $25 million

Compliance costs: $50 million

Property value decrease due to disposal of pollution collected: $5 million

Payroll for jobs created in compliance activities: $10 million

A benefit-cost ratio is given by the ratio of benefits over costs, i.e. (Benefits) / (Costs). Depending on how you categorized your benefits and costs, it is possible to get two different benefit-cost ratios. Report one of those cost ratios below. Show your work.