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You are starting a new job. Your initial salary will be $79,000 per year. The salary will be paid one year from now. You expect

You are starting a new job. Your initial salary will be $79,000 per year. The salary will be paid one year from now. You expect to work for a total of 50 years. Your expect to receive 50 salary payments. All of the payments will occur at the end of the year. You believe your salary will increase by 3.88% per year. You believe the required rate of return on your human capital is 5.73% compounded annually. What is the value of your human capital. You may ignore taxes. Your answer should be accurate to two decimal places.

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