You are deciding whether to get a four-year university degree. Your only consideration at this moment is the degree as an investment for yourself. Costs per year are tuition fees of $700 and books at $80. The government also pays to the university an equivalent amount to your tuition fees to cover the real cost. If you didn't go to university, you could earn $6,000 per year as an acrobat. With a university degree, however, you know that you can earn $10,000 per year as an acrobat. Because of the nature of your chosen occupation, your time horizon for the investment decision is exactly 10 years after university; that is, you will have to retire (become too old for an acrobat) 14 years from now (either (a) after 14 as an acrobat without a degree or (b) after 4 years at university + 10 years as an acrobat). The market rate of interest is 5 percent. Would you make the investment in a degree? Show all your work