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Determine the cost-benefit analysis

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Reference no: EM133130998

1. Use the information below to do a cost-benefit analysis assuming a life is worth 6 million dollars and the discount rate is 3% per year. Would you recommend adoption of the program? 

2. Suppose a life is valued at 9 million. Does this change your answer?

Year

Cost

Lives Saved

1

35

0

2

27

4

3

25

5

4

23

6

 

Reference no: EM133130998

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