You have received two job offers Firm A offers to pay you $84,000 per year for two years. Firm B offers to pay you $87,000 for two years. Both jobs are equivalent Suppose that firm A's contract is certain, but that firm B has a 50% chance of going bankrupt at the end of the year In that event, it will cancel your contract and pay you the lowest amount possible for you not to quit. If you did quit, you expect you could find a new job paying $84,000 per year, but you would be unomployed for 3 months while you search for it. Asume full year's payment at the beginning of each year a. Say you took the job at firm B. what is the least firm B can pay you next year in order to watch what you would com if you quit? b. Given your answer to part (a), and assuming your cost of capital is 5% which offer pays you a higher prosent value of your expected wago? c. Based on this example, discuss one reason why firms with a higher risk of bankruptcy may need to offer higher wages to attract employees