Private Sector Project Evaluation Suppose there are two projects, X andY Each entails certain benefits and costs denoted as bx C by and CY · Need to ask: Is the project admissible? Is the project preferable? 1212 Private Sector Project Evaluation • Suppose there are two projects, X and Y • Each entails certain benefits and costs, denoted as BX , CX , BY, and CY. • Need to ask: – Is the project admissible? – Is the project preferable?