3) A young high school graduate just turned 18 is contemplating future career alternatives based on the probable salaries to be earned. He wants you to advise the best option based on the present worth of the earning. Assume i = 10%, expenses occur at BOY, while income occurs at EOY. a) Go directly to work and continue until age 65, starting annual salary $30,000 increasing by 5%. b) Invest two years at WCC paying tuition $6000/year and then go to work earning $65,000/year till 65 years. Salary increases by 6%. c) Go to Manhattan College for 4 years and graduate majoring in mechanical engineering. Tuition at Manhattan College is $40,000/year but earning after graduation is $85,000/year increasing by 8% per year. d) Invest 5 years in seamless master's program paying $35,000 per year but after graduating earn a salary of $85,000 per year (industries are not doing good). However, salary is likely to increase by 10% per year. Show the calculation at every stage and write your advice clearly. (40)