TH12:18 3R19HAZ eoe T4C(88% wm) @ owl.uwo.ca QUESTION 4 Anthony has just finished high school. He has three periods of time left in his working life, and is considering three career options: 1) Obtain a job in a hotel, earning $20,000 for each of the remaining three periods of his working life. 2) Attend community college, earning a diploma in human resources. The diploma takes one period to complete, with tuition fees equal to $5000. After graduation, he will earn $50,000 for the remaining two periods of his life. 3) Attend university to obtain his Ph.D. in art history. The degree takes two periods to complete, with tuition fees of $10,000 per period. After graduation, he will earn $90,000 for the one remaining period of his working life. Assume that the interest rate is 10 percent per period. a) Which career path should Anthony follow? Explain. Show your work. b) Anthony has always wanted to be an art historian. If he chooses to be an art historian, what is the implicit consumption value he places on being an art historian