Project 5- Human Capital Investment Instructions: Please complete this assignment and submit though Blackboard as a docx file. You may consult with the classmates/instructor at any timoe. Please show your work: list out the N, Y, PV, PMT, and FV with correct signs and yourt 1. Josh is not sure if he should attend college or not. Part of his decision will be based on the return on investment of college. He estimates that the per year cost to attend Texas Tech including room and board is $27,750. He also assumes the cost will rise by 5.5% per year. How much is a 4 year degree going to cost Josh? 2. Josh recognizes that not only will he have the costs of attending school, but he will also be giving up a salary while he attends school. He figures the only a high school diploma is S30,000. He assumes he would receive a 2.4% cost of living raise each year. Determine how much money he will forgo while attending school. average salary for those with 3. If Josh adds the cost of college with the salary he will forgo by attending college, he finds it will cost: in total. (Keep in mind that this does not include any interest on loans needed to pay for school) 4. To help him determine if it really is worth it to get a college education, Josh wants to see what the return on investment (ROI) will be 20 years after graduation. After some research, Josh discovers that for him career choice he can expect to earrn S2 million with a degree and $900,000 without one. What is Josh's 20-year ROI? (Hint: Use TVM and solve for ly)