352 Investing in People Exercises Software that calculates answers to one or more of the following exercises can be found at http://lip.shrm.org. 1. You are given the following information regarding the CAP test for clerical employees (clerk-2s) at the Berol Corporation: Average tenure as a clerk-2: 7.26 years Number selected per year: 120 Validity of the CAP test: 0.61 Validity of previously used test: 0.18 Cost per applicant of CAP: $35 Cost per applicant of old test: $18 SR: 0.50 SD, in first year: $34,000 Use Equation 10.1 to determine (a) the total utility of the CAP test, (b) the utility per selectee, and (c) the per-year gain in utility per selectee