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hi, could u help me with this qn? thanks a lot [Part 2] The government found an existing facility that can be reused for the
hi, could u help me with this qn? thanks a lot
[Part 2] The government found an existing facility that can be reused for the programme (i.e. no construction needed). The training programme will cost the government $100 per participant in year zero and nothing thereafter. It generates benefits of B per participant per year beginning in year one. These benefits decline by 0.2 each year, so that in the sixth year they are zero. All wages and prices rise by 5 percent each year, and the nominal discount rate is 7 percent. h. Find the level of B required to make the program a success. (4 marks) [Part 2] The government found an existing facility that can be reused for the programme (i.e. no construction needed). The training programme will cost the government $100 per participant in year zero and nothing thereafter. It generates benefits of B per participant per year beginning in year one. These benefits decline by 0.2 each year, so that in the sixth year they are zero. All wages and prices rise by 5 percent each year, and the nominal discount rate is 7 percent. h. Find the level of B required to make the program a success. (4 marks)Step by Step Solution
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