1. Scarlett is trying to decide if she should attend college or not. Part of her decision will be based on the return on investment of college. a. She estimates that the per year cost to attend a local university in Texas including room and board is $26,346. She also assumes the costs of attendance will rise by 2.8% per year. How much is a 4-year degree going to cost Scarlett? N I/Y PV PMT FV b. Scarlett recognizes that not only will she have the costs of attending school but she will also be giving up a salary while she attends school. She figures the average salary for those with only a high school diploma is $30,500. She assumes she would receive a 3.2% cost of living raise each year. Determine how much money she will forgo while attending school. N I/Y PV PMT FV c. If Scarlett adds the cost of college with the salary, she will forgo by attending college she finds it will cost: in total. (Keep in mind that this does not include any interest on loans needed to pay for school)