1. Suppose that in the effort to retain nurses, a hospital in Ohio considers offering an annual raise to the full-time nurses. Assume that the typical nurse stays with the hospital for 5 years, currently makes $1,500 a week, and would be able to make $5200 week as a traveling nurse for the next 12 weeks (with no additional expenses and with the possibility to go back to the regular work at $1,500 immediately after that). If nurses discount the future at 2% a year, what should be the raise to entice the nurse to stay with the hospital?