I NEED THE ANSWER FOR BOTH PLEASE AND MENTION WHICH ANSWER IS FOR WHICH.

I - 9. Human capital theory treats investments in education using the same principles as investments in physical or financial capital. They require expenditure up front in order to generate payoffs in the future. If the cost of medical education-four years beyond the UG degree plus another four years of internships and residency at a salary that is below market rates - amounts to $500K; and the expected income as an MD is on average $150,000 more than the average for a graduate with a bachelor's degree, what is the rate of return on this investment in human capital needed to become a doctor? Assume an opportunity cost of 5% 10. An investment in a new piece of diagnostic equipment requires an outlay of $100,000 and is expected to generate the following returns over the five year useful life of the equipment. If the hospital sets its cost of capital at 12% is this a reasonable investment? What are the NPV and IRR of this investment? How would the hospital use these calculations to argue for approval of this investment? Year 0 1 2 Expected Profit -$100,000 $10,000 20,000 50,000 70,000 50.000 5