Consider the following statements about the social cost-benefit analysis for viability of projects. Which of the following are true for this analvsis?
(a) IRR should be greater than Social Discount Rate
(b) NPV should be equal to zero
(c) Shadow prices are used for calculation of benefits and costs
Choose the most appropriate option for those given below :
1
(a) and (c)
2
(a) and (b)
3
(b) and (c)
4
(a) only