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Question 5 (5 marks) Suppose that the USB wants to invest in the concept of life-long learning for its alumni. This proposal will allow past

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Question 5 (5 marks) Suppose that the USB wants to invest in the concept of life-long learning for its alumni. This proposal will allow past students to attend 2 academic workshops per year for the rest of their lives (assume infinity). While this is advertised as a 'free' service to students, USB must add the true cost of this service to the initial course fees of the MBA. If each workshop will cost the USB R1 000 per delegate (in 2018), and this cost is expected to increase at 10% per annum (into infinity), what is the minimum amount that USB should add to the course fee of the MBA per student if the school requires a return of 15% (if its cost of capital is 15%)

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