Problem 5 (B/C Analysis) a) Three mutually exclusive highway bridge projects are under consideration by a governmental agency. Which of three bridges, if any, should be recommended to the governmental agency? Use incremental BC analysis, an interest rate of 10% per year, compounded annually, and a life of 20 years. Compare alternative on the basis of annual worth (AW) and state which project is finally selected. Project 1Project 2Project 3 Initial cost Annual O& M cost S/yr) 950,000,000 400,000 990,000,000 350,000 825,000,000 715,000 Annual Benefits (S/yr) 110,000,000 Annual Disbenefit (S/yr) 350,000 120,000,000 500,000 20 99,000,000 850,000 20 Life (year) 20 ng that you are an engineer who is performing the above analysis for a company whose client is the governmental agency, how could the result of your analysis impact public policy making or public planning? (Hint read ch. 9)