1. What is the importance of benchmarks? For a company measuring the effectiveness/benefits of a new technology on a manufacturing process, suggest what benchmarks it should consider. Also suggests 3 measurements that it should undertake to implements controls in this manufacturing process to track the advantage of the new technology. (10) 2. Purely on the basis of financial considerations, calculate the present value of a graduate (Masters) degree from ITU. You may assume the following: (15) a. It takes 2 full years (6 trimesters) for completion of the degree program. b. You may assume any representative rate of tuition per unit that doesnt change for the 2 years duration. You can assume that you can borrow money for the tuition at the rate of 8% p.a. c. You may consider (for the present value calculations purpose) 3 years of full time job at some representative annual salary (you can use annual salary for calculation instead of monthly.) received at the end of 3rd, 4th and 5th years. d. Assume the discounting rate to be the same as rate of borrowing (8%).