Read: https://www.cnpp.usda.gov/sites/default/files/expenditures_on_children_by_families/crc2012.pdf

1.According to the U.S. Department of Agriculture, the cost of raising a child in the U.S. is around $300,000. Why do you think it is the U.S. Department of Agriculture that provides this type of estimate? 2. Why should income forgone by parents be counted as a cost of raising a child? What do we call this type of cost in financial analysis? 3. What horizon should be used when calculating the costs (and benefits) of raising a child? Explain. 4. How should the benefits of raising a child be assessed? 5. How should a discount rate for determining the net present value of raising a child be determined? 6. Should a business ever undertake a project with tangible costs but intangible benefits? If so, how should they decide whether to proceed? If not, why not?