Name: Question 1: (25 points) Hamad is to graduate this semester from echanice, engineering department at Sultan Qaboos University. Hamad has been offered a job at PDO with a monthly salary of 1300 Omani riyal. At the same time, has been offered a full scholarship to complete a two-year master's program at top university abroad which includes tuition payment and monthly allowance of 600 Omani riyal per month. Hamad is tired from studying and wants to take up the job. However, if he takes the job, he loses the scholarship, which he may never win again. If he takes the scholarship, he may not get a job after two years. In reference to the seven-steps to implement the seven principles of engineering economy to reach a decision. Answer the following questions: 1- Make an appropriate problem statement. (4pts) 2- Develop two alternatives (options). (4pts) 3- State the outcomes for each alternative. (4pts) 4- Select at least two criteria. (4pts) 5- Compare between alternatives. (6pts) 6- Make a proper decision. (3pts) ID Foo