In calculating costs for a government backed water resources project, the interest rate is usually the same as the Federal Reserve Bank rate which is lower than the rate private entities can finance projects for. Assuming the project is expected to last for 50 years, will the project appear less expensive or more expensive with government funding compared to a privately funded project? 1) it depends on the interest rate so the answer is not possible without the actual interest rates 0 ng 2) no, it will not appear to be less expensive cu 3) the cost would be the same regardless of funding so the interest rate doesn't matter D E 4) yes, it will appear to be less expensive