$*$Which alternative can be selected based on the Net Present Value Criterion? Why?

Project $W$ without a road and Project $F$ with a road can be selected on the NPV$,$ they have the highest

net present value.

$*$Which project will you select based on the Benefit$-$Cost ratio criterion? Why?

Project $W$ without a road, it has a benefits$-$cost ration of $3\mathrm{.}5$ which is the highest among all the

projects.

$*$Are the choices based on NPV and B$-$C ratio consistent with each other? Explain.

Yes, Project $W$ without a road has the highest NPV and B$-$C ratio. Even though Project $F$ with a road

also has the highest NPV$,$ it has a lower B$-$C ratio.