Three public projects have the following characteristics:

Project PW(Capital Costs),mln$$ PW(Benefits),mln $$ PW(Operating Costs),mln $$

A 10 10 2

B 8 12 1

C 15 20 5

Which of the following statements is correct?

A) Project C is the most efficient because its BCRM = 1

B) Project A is more efficient than project C because its BCR is higher

C) Project B has BCRM = 1.33

D) Project B is the most efficient because its BCR = 1.33 is the highest

E)Project C is less efficient than Project A because the latter has higher BCRM