3. Two alternative mosquito control programs have been proposed to reduce the health risks of West Nile disease in a state over the next five years. The costs and effectiveness of each program in each of the next five years are displayed below Alternative A Alternative B QALYs Saved Incremental CostQALYs Saved (Millions of Dollars) Incremental Cost (Millions of Dollars) Year 0 Year 1 Year 2 Year 3 Year 4 2 3.8 1 0.5 a. Calculate CE ratios for each program without discounting b. Calculate CE ratios discounting cost but not effectiveness assuming a discount rate of 4 percent. c. Calculate CE ratios discounting both costs and effectiveness at 4 percent d. Which project do you prefer and why? 3. Two alternative mosquito control programs have been proposed to reduce the health risks of West Nile disease in a state over the next five years. The costs and effectiveness of each program in each of the next five years are displayed below Alternative A Alternative B QALYs Saved Incremental CostQALYs Saved (Millions of Dollars) Incremental Cost (Millions of Dollars) Year 0 Year 1 Year 2 Year 3 Year 4 2 3.8 1 0.5 a. Calculate CE ratios for each program without discounting b. Calculate CE ratios discounting cost but not effectiveness assuming a discount rate of 4 percent. c. Calculate CE ratios discounting both costs and effectiveness at 4 percent d. Which project do you prefer and why