PROJECT 1: estions that follow: COSTS AND BENEFIT ANALYSIS PROJECT 2 3.1.1 Identify the TWO projects needed by the South African citizens. 3.1.2 List any TWO private costs that will be incurred in project 2. (2 x 1) (2) (2 x 1) (2) 3.1.3 Why should the government apply the cost benefit analysis for big projects? 3.1.4 Examine the external benefits of Project 1 illustrated above? (8) (8) [20] GRAND TOTAL: 50​