and IRRs below 10% may be acceptable for lower risk ventures (e.g., infrastructure debt). In addition to LCC and TEA, cost-benefit analysis (CBA) is also commonly used to support decision-making. However, unlike LCC and TEA that focus on the internal costs and benefits (i.e., revenues in the context of LCC and TEA) that are directly linked to the project, CBA includes external costs and benefits incurred by parties who are not directly involved in the project, 119 and it accounts for both market (e.g., labor and firm outputs) and non-market (e.g., changes in water quality) goods and services. 119,120 Consequently, CBA is more often used to assess whether a policy increases the total value of resources available to all members of society (e.g., the U.S.