1. A workshop designed to retrain older workers who have lost their jobs is proposed as a government funded program. Suppose that the workshop will increase the income of each participant by $1,500 per year for a period of ten years: What is the present value ofthe increased income at social discount rates of 5% and 10%? .If the costs of the program are $10,000, and all of these costs are incurred at the beginning of the program, will the program yield a net social benefit