In cost effectiveness analysis the discount rate should be used in the following way: (3.5 points)

a.All costs as well as quantitative measures of effectiveness must both be discountedto a specific point in time using the economic opportunity cost of funds.

b.All costs must be discounted to a specific point in time using opportunity cost of funds. The quantitative output of a projectshould be discounted to the same point in time but at a much lower discount rate.

c.All costs must be discounted to a specific point in time. The quantitative output of a project should be summed but not discounted

d.As it is a cost effectiveness analysis not a cost benefits analysis there is noneed to discount the costs and effectiveness. the sum of the costs is divided by the sum of the effectiveness