The table sets out the anticipated costs and benefits for four government projects. The government can afford just one project. Which project should the government select?
- AProject A: private benefits $40m, external benefits $200m, private costs $60m, external costs $70m
- BProject B: private benefits $60m, external benefits $160m, private costs $100m, external costs $20m
- CProject C: private benefits $100m, external benefits $210m, private costs $100m, external costs $120m
- DProject D: private benefits $150m, external benefits $90m, private costs $120m, external costs $140m