I need and answer and explanation to this finance problem, An elite law school will charge you $37,000.00 for your first year of tuition. This is due at the beginning of the year. You anticipate tuition to increase by 3.00% each year going forward. You will spend three years in the law program. You are unsure what discount rate to use to value the opportunity. You have a conservative discount rate, 6.00%, and an aggressive rate of return, 12.00%. Using the conservative discount rate, what is the value of the tuition the day you start the law school