Josie has an undergraduate degree in economics and has been working as a utility rate analyst at the local electricity utility. If she continues on her present career path, the present value of her lifetime earnings is 250,000. If she takes two years off and gets an MS degree in economics, the present value of her lifetime earnings becomes 275,000. The annual cost of an MS degree in economics is 15,000 and the interest rate is 8%.

The discounted (present value) cost of Josie's graduate degree in economics is.............

The discounted (present value) benefit of Josie's benefits to getting a graduate degree

is...................