The Chinese government is considering three new flood control projects on the Huaihe River. Projects A and B consist of permanent dikes. Project C is a small dam. The dam will have recreation and irrigation benefits as well as the flood control benefits. Facts about the three projects are shown in the following table. Each project has a life of 28 years. The MARR is 10 percent.

	Project A	Project B	Project C
First cost (millions of yuan)	207	251	422
Annual benefits (millions of yuan)	26.9	34.5	57.6
Annual operating and maintenance costs (millions of yuan)	2.5	2.5	4.2

Complete parts (a) through (d) below. Click the icon to view the table of compound interest factors for discrete compounding periods when

i=10%.

a. Use present worth to choose the best project. The present worths in millions of yuan for projects A, B, and C, respectively, are

enter your response here,

enter your response here, and

enter your response here. Project is the best choice. (Round to two decimal places as needed.) b. Compute the benefit-cost ratios for the three projects. The BCRs for projects A, B, and C, respectively, are

enter your response here,

enter your response here, and

enter your response here. (Round to three decimal places as needed.)

c. Use incremental benefitcost to choose the best project. BCR(BA) is

enter your response here, and BCR(CB) is

enter your response here, so project is the best choice. (Round to three decimal places as needed.) d. It is possible that the dam (project C) will cause some wildlife damage. This damage might be prevented by an additional expenditure of 23 million yuan when the dam is constructed. Does this change the choice of best project? Compute the

benefitcost ratio of project C assuming the extra 23 million yuan is an addition to the first cost. Use incremental benefitcost to choose the best project. BCR(C) is

enter your response here and BCR(CB) is

enter your response here, so project is the best choice.(Round to three decimal places as needed.)

The Chinese government is considering three new flood control projects on the Huaihe River. Projects A and B consist of permanent dikes. Project C is a small dam. The dam will have recreation and irrigation benefits as well as the flood control benefits. Facts about the three projects are shown in the following table. Each project has a life of 28 years. The MARR is 10 percent. First cost (millions of yuan) Annual benefits (millions of yuan) Annual operating and maintenance costs (millions of yuan) Complete parts (a) through (d) below. Project A 207 26.9 2.5 Project B 251 34.5 2.5 Project C 422 57.6 4.2 3 Click the icon to view the table of compound interest factors for discrete compounding periods when i = 10%. a. Use present worth to choose the best project. 1and Project is the best choice. The present worths in millions of yuan for projects A, B, and C, respectively, are (Round to two decimal places as needed.) b. Compute the benefit-cost ratios for the three projects. and The BCRs for projects A, B, and C, respectively, are (Round to three decimal places as needed.) c. Use incremental benefit-cost to choose the best project. BCR(B-A) is and BCR(C-B) is so project is the best choice. (Round to three decimal places as needed.) d. It is possible that the dam (project C) will cause some wildlife damage. This damage might be prevented by an additional expenditure of 23 million yuan when the dam is constructed. Does this change the choice of best project? Compute the benefit-cost ratio of project C assuming the extra 23 million yuan is an addition to the first cost. Use incremental benefit-cost to choose the best project. Vis the best choice. BCR(C) is and BCR(C-B) is so project (Round to three decimal places as needed.) The Chinese government is considering three new flood control projects on the Huaihe River. Projects A and B consist of permanent dikes. Project C is a small dam. The dam will have recreation and irrigation benefits as well as the flood control benefits. Facts about the three projects are shown in the following table. Each project has a life of 28 years. The MARR is 10 percent. First cost (millions of yuan) Annual benefits (millions of yuan) Annual operating and maintenance costs (millions of yuan) Complete parts (a) through (d) below. Project A 207 26.9 2.5 Project B 251 34.5 2.5 Project C 422 57.6 4.2 3 Click the icon to view the table of compound interest factors for discrete compounding periods when i = 10%. a. Use present worth to choose the best project. 1and Project is the best choice. The present worths in millions of yuan for projects A, B, and C, respectively, are (Round to two decimal places as needed.) b. Compute the benefit-cost ratios for the three projects. and The BCRs for projects A, B, and C, respectively, are (Round to three decimal places as needed.) c. Use incremental benefit-cost to choose the best project. BCR(B-A) is and BCR(C-B) is so project is the best choice. (Round to three decimal places as needed.) d. It is possible that the dam (project C) will cause some wildlife damage. This damage might be prevented by an additional expenditure of 23 million yuan when the dam is constructed. Does this change the choice of best project? Compute the benefit-cost ratio of project C assuming the extra 23 million yuan is an addition to the first cost. Use incremental benefit-cost to choose the best project. Vis the best choice. BCR(C) is and BCR(C-B) is so project (Round to three decimal places as needed.)