She knows that these two companies oer different annual salaries depending on where one has graduated. Capital Economics will offer a McMaster graduate an annual salary of $128,000 and a Stanford graduate an annual salary of $160,000. Insight Economics will offer a McMaster graduate an annual salary of $175,000 and a Stanford graduate an annual salary of $250,000. Let's assume the following: o Yasmin's objective in her decisionmaking is to maximize the present value of net future income over her career (that is, income net of costs). She is certain to get job offers from both companies. Please ignore differences between these two cities in terms of income taxes, the exchange rate, the cost of living and moving costs. 0 These annual salaries do not change for the duration of her expected career, from age 22 to 65. Hint: this time horizon is sufficiently long to use the present value (PV) approximation formula. a However, the present value of annual tuition costs should be calculated using the expanded present value formula. 0 The market interest rate is 5%. Which university would you recommend to Yasmin? Please show all your calculations and explain your recommendation. (20 points) Problem 4. Economics of Immigration (20 points) Please also review the Appendix on the next page. a) Download the Excel file labelled 'Permanent Residents' from cuLeam. The table in the Excel file shows data on permanent residents by immigrant admission category and source country. c What kinds of immigrant categories are there and what are the purposes of the main categories? (4 points) 0 Create a line graph which shows the numbers of immigrants to Canada by category, from 2007 to 2016. (3 points) 0 Which category was the largest in 2007? (1 point) 0 Which was the largest in 2016? (1 point) b) Download the Excel file labelled 'Resettled Refugees and Protected Persons in Canada Source Region' from cuLearn. The table in the Excel file shows the distribution of source regions for Resettled Refugees and Protected Persons in Canada. o Create a stacked bar graph that shows where immigrants who entered Canada under the Resettled Refugees and Protected Persons in Canada program came from (Le. source regions). Your graph should show source region compositions for each year from 2007 to 2016. (3 points) 0 Describe the trends that you see. (2 points)