1. Alex has two possible career paths: in path (1), she goes to college in the first period and becomes an accountant for periods two and three. She spends $30,000 on college and earns $75,000 in the second period and $85,000 in the third period. In path (2), she skips college and starts a catering business. She earns $5,000 in the first period, $45,000 in the second period and $70,000 in the third period. Her discount rate is 10%. Which path will she choose? Show your work.