Question: (c) A rail transit system (RTS) is being planned to be constructed in the Iskandar Malaysia region in Johor. Thus, if the vehicle operating

(c) A rail transit system (RTS) is being planned to be constructed in the Iskandar Malaysia region in Johor. Thus, if the vehicle operating costs is RM 0.10/km, travellers value their time at RM 3.00/hour, and the average cost of a traffic accident is RM 25,000, what is the benefit-cost ratio? Provide your evaluation and recommendations based on the outcome of your calculation. Assume an interest rate of 9% per annum. (10 Marks)

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