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Assignment 4

From the following information in respect of Emirates Ltd., calculate the total value of human capital by following Lev and Schwartz model:

Age	Un-Skilled		Semi- Skilled		Skilled
	No	Avg. Annual earnings ( AED )	No	Avg. Annual earnings ( AED )	No	Avg. Annual earnings ( AED )
30-39	70	3000	50	13500	30	15000
40-49	20	5000	15	15000	15	26000
50-54	10	8000	10	16000	5	37000
Discount factor -12%