Assume that you are 25 years old today, with zero financial capital and no debt. You plan to spend the next year travelling around the world. (All costs paid by your parents.) Then, at age 26 exactly you will get your first full-time job earning a base rate of $60,000 per year (after-tax) paid annually until the age of 30. During those first 4 working years, you will get a raise of 2% per year. At age 30 you plan to return to graduate school and get an advanced degree. This degree will take you two years to complete and cost $50,000 up-front each of the two years. When you graduate at the age of 32, you will return to the labor force and earn a base rate of $100,000 per year (after-tax) which will then increase by 3% each year until you retire at age 65. Part A: What is the value of your gross human capital (ignoring implicit liabilities) today assuming a 4% valuation (interest, investment) rate, at age 25? Part B: What is your optimal (flat) consumption rate starting from today, assuming you plan to live to 95? Make and state any assumptions. Part C: What will your savings rate be in your last working year, at age 64? Part D: What will be the value of your financial capital (nest egg) at retirement age 65?