2. Three mutually exclusive projects are being considered for a remote municipality in Palawan:Project R, a recreational facility, has estimated benefits of P10 million and costs of P8 million;project F,

a forest preserve with some recreational facilities, has estimated benefits of P13million and costs of P10 million; and project W, a wild animal reserve area with restrictedpublic access, has estimated benefits of P5 million and costs of P1 million. In addition, a roadcould be built for a cost of P4 million that would increase the benefits of project R by P8million, increase the benefits of project F by P5 million, and reduce the benefits of project Wby P1 million. Even in the absence of any of the other projects, the road has estimatedbenefits of P2 million. a. Calculate the benefit-cost ratio and net benefits for each possible alternative to the status quo. Note that there are seven possible alternatives to the status quo: R, F, and W, both with and without the road, and the road alone.hiok b. If only one of the seven alternatives can be selected, which should be selected based on BCR? Based on net benefits?