I submitted the following question already once and recieved a response from an expert that it was incomplete. This is not true as it is straight out of the book. Please review the question again.Question:Use the B/C method to compare four mutually exclusive alternatives for recycling plastic bottles. Make any additional calculations necessary to determine which alternative should be selected. The table presents a comparison of various project alternatives based on their costs and benefit-cost ratios. It contains four alternatives: M, N, O, and P. For each alternative, two key metrics are shown: 1. **PW of Total Costs ($ Millions)**: This indicates the present worth of total costs in millions of dollars. - Alternative M: $10 million - Alternative N: $21 million - Alternative O: $44 million - Alternative P: $52 million2. **Overall B/C Ratio**: This is the benefit-cost ratio, which reflects the value received for each dollar spent. - Alternative M: 0.91 - Alternative N: 1.32 - Alternative O: 1.25 - Alternative P: 0.95Additionally, the table includes a comparative analysis labeled "ΔB/C when Compared with Alternative," which shows the difference in the B/C ratio when one alternative is compared to another:- Comparing N with M: 1.69- Comparing O with N: Not available- Comparing P with M: 0.96- Comparing P with N: 0.80- Comparing P with O: 0.08The table helps in assessing the efficiency of each alternative by comparing their costs and benefits, providing a basis for decision-making regarding which project alternative may be more financially viable.

We are going to use Benefit-Cost analysis ratio to answer this question.M N O P -- 1.69 C 0.96 1.69 -- D E A B -- F 0.96 0.8 0.08 -- Incremental B/C ratio between alternatives X and Y = Incremental B/C ratio between alternatives Y and X Therefore, Incremental B/C ratio between alternatives M and O = A = Incremental B/C ratio between alternatives O and M = C A=C Similarly, B=D; E = 0.8 and F = 0.08. Incremental B/C ratio change in M and O=Incremental B/C ratio change in M and P +Incremental B/C ratio change in O and P =0.96+0.08=1.04 Therefore A=C=1.04 Incremental B/C ratio change in N and O=Incremental B/C ratio change in N and P +Incremental B/C ratio change in O and P =0.8+0.08=0.88 Therefore B=D=0.88 Hence a complete chart will be as follows, M N O P -- 1.69 1.04 0.96 1.69 -- 0.88 0.80 1.04 0.88 -- 0.08 0.96 0.80 0.08 -- From, above chart we can see that P will not be preferred at all. All incremental B/C ratios with different alternatives are less than one. O is preferred to M for the same reason and NPV for M is negative. Incremental BC ratio comparison between O and N is less than 1 therefore we prefer N to O. We will deduct benefits of O from benefits of N as benefits for O > benefits for N even though incremental BC ratio between O and N is less than 1. Hence N is an alternative to be selected among other alternatives.