A cost-benefit analysis of a new irrigation project indicates that the net benefits = Benefits - Cost(B-C)of the project in each year will be 20 million.
This project will yeild benefits for 10 years. Calculate the present value ofbenefits minus costs when the social rate of discount is 10%. Does the program merit approval?
How would the present value of the net benefits change if the social rate of 15% (you can use Excel to do calculations) then upload to MS Word.
200 words in length and Book is Public Finance by Hyman