1} (14 Points} Jack and Jill are trying to decide to get a computer training certicate. The training takes one year, and the tuition fee is 530,000 dollars per year. They both are making $40,000 per year now. If they decide to go through the training, they can not work at the same time. However, their after training income will be $50,000 per year. Suppose both Jack and Jill discount their future income at 5% rate, and they both plan to work for eleven years [including the year of training ifthey decide to do so). a. (6 points} Should they go through the training? Hint: 1 1 1 1 1 1.05 1.052 1.0511-1 1 1.05 b. [a points) Shelly plans to take a year of maternity leave (unpaid leave} three C. years from now. Should Shelly go through the training? {4 points} The employment insurance pays 50% of annual wage when workers take one-year maternity leave. ShOuld Shelly go through the training? Interpret the results and how it is related to gender wage gap