There are five alternatives for improvement of the local farm to market road. Determine which alternative should be chosen if the highway department is willing to invest money as long as there is a...

There are five alternatives for improvement of the local farm to market road. Determine which alternative should be chosen if the highway department is willing to invest money as long as there is a B/C ratio of at least 1.00.

Alternatives                           Annual Benefits                                        Annual Cost

                 1                                            900,000                                                1,000,000

                 2                                            1,300,000                                              1,400,000

                 3                                            2,800,000                                               2,100,000

                 4                                            3,300,000                                               2,700,000

                 5                                            4,200,000                                               3,400,000