8-10. Shane works for a government agency in New South Wales making $80,000 per year. He is now being transferred to a branch office in Hobart. The salary reduction associated with this transfer is 10%. Shane is not insulted by this reduction in pay and accepts his new location and salary gladly. He researched that the cost of living index in New South Wales is 132 whereas the cost of living index in Hobart is 95. Over the next six years, what is theFWof Shane’s extra income/improved life style

(through the reduced cost of living) from having made this move? Shane’s MARR is 8% per year (im). (8.2)