The evaluation of a project requiring a large capital investment has yielded (net present value) of $20 x 10°. if the internal hurdle rate for this project w rate of return) be greater or less 10% pa, will the dcfror (discounted cash flow than 10%? explain. 2. explain the concept of an incremental economic analysis. 3. what economic criterion would you use to choose the best piece of equipment amon three alternatives, each with a different operating cost, capital cost, and equipment life? neer to eliminate risk in economic analysis"? explain your answer bilistic analysis? 4. do you agree with the statement "monte-carlo simulation enables the design engi- 5. in evaluating a large project, what are the advantages and disadvantages of proba-