Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer both parts a & b 5. A workshop designed to retrain workers 55 years of age and older who have lost their jobs is

answer both parts
a & b
image text in transcribed
5. A workshop designed to retrain workers 55 years of age and older who have lost their jobs is proposed. Suppose the workshop will increase the income of each participant by $1,000 per year for a period of 10 years. a. Calculate the present value of the increased income per participant with each of the following discount rates: 0 percent, 1 percent, 3 percent, 5 percent, and 10 percent. b. If the cost per participant is $8,000 and all those costs are incurred in the first year, at what discount rates will the benefit-cost ratio of the project exceed 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Shape Up Your Finances The Personal Finances Handbook

Authors: Ian Birt

1st Edition

0734608268, 978-0734608260

More Books

Students also viewed these Finance questions