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I need help with a Economics question. All explanations and answers will be used to help me learn.The table below shows yearly economic benefits for a (simple) three‐year time horizon from twodifferent ways of operating the Grand Ethiopian Renaissance Dam being built at the Nile headwaters inEthiopia. A summary of its history is…Two (of many) ways to operate the dam after finished, are: Protect downstream deliveries to Egypt by reducing water use by Ethiopian agriculture. Protect Ethiopian agriculture by reducing downstream deliveries to Egypt while maintainingwater use in Ethiopian agriculture.1. Using the table data below, calculate overall Discounted Net Present Value for each country for eachway of operating the dam using a discount rate of .05 (5 percent). Please show work.2. Please summarize which, if either dam operation plan passes the test of a Pareto Improvement Requirements: 2 calculated answers + 1 pg summary


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