you are conducting a cost-benefit analysis for a federal highway project. you are currently trying to determine the value of reduced driving time. the total labor cost for the project is $12.75 million. the hourly wage for construction workers on this project is $17.50 per hour. the average hourly wage in the community is $16.80. using the wages approach, what value would you assign 100,000 hours of reduced driving time? group of answer choices $34,300,000 $70,000 $1,750,000 $1,680,000