1. Calculate the Benefit-to-Cost Ratio (B/C) if the actual damages awarded against Ford for the 1972 injuries totaled $128,060,000 with all other variables remaining the same.
2. In 1972, the National Highway Traffic Safety Administration (NHTSA) provided the auto industry with an amount of $200,725 for the value of one human life. If the NHTSA continued this practice, then what would that amount, in $, become in 2017, if an inflation rate of 3% per year is applied during the time period between then and now (1972-2017)?
3. If the $11 cost per vehicle, in 1972, is equal to $64.25 in 2017, then what rate of inflation, i%=?, was used to determine the 2017 costs?
4. Calculate the Benefit-Cost (B/C) ratio for a project that has benefits equal to $60,000 per year, dis-benefits equal to $17,000 per year, and costs equal to $35,000 per year.