Metrics 19.1 Question Help Colleges and universities in Country A offering graduate degrees enjoyed double-digit growth for nearly a decade, particularly from applicants of Country B. But applications from these students declined 5 percent for the last academic year, dropping the overall graduate-school application growth rate from foreign students to just 1 percent. This has schools that offer business, engineering, life sciences, and physical and earth sciences graduate degrees wondering how they will fill their classrooms. A bright spot is applications from Country C, which increased 24 percent because of a push by the its government to boost advanced degrees from Country A schools. Many schools in Country A are wondering if this market is worthy of more marketing efforts to replace the lost applicants from Country B. Develop a market potential estimation of this market. Assume that there are approximately 27,100,000 citizens of Country C in the age 25-34. Only 12% of the 25-34 year old age group already have graduate degrees and are not in the schools' target market. Among the remaining 25-34 year old age group 59% can be considered as potential students because they completed at least upper secondary education. Also assume the average price for education in Country A is $150 thousand (for all years required to obtain a degree) and students will only earn one degree. The number of buyers in the market is 14070320. (Round to the nearest whole number) The market demand is billion (Round to the nearest whole number.)