1. Objective Currently-employed computer programmer seeks to obtain a Microsoft Engineer license from DeVry University's School of Continuing Education by completing five courses over the next four months (Summer and Fall semesters) on a full-time basis. Based on the assumptions below, what is the Net Present Value to the programmer of obtaining this license and does it support this investment? Assumptions: Direct costs Tuition, fees and books totaling $7,300 Indirect costs Lost earnings while participating in program totaling $30,000 Interest rate 2% Expected increased productivity (and earnings potential) upon completion of program Period (Year) 1 - $6,000 Period (Year) 2 - $8,000 Period (Year) 3 - \$10,000 Period (Year) 4 - \$12000 1. Objective Currently-employed computer programmer seeks to obtain a Microsoft Engineer license from DeVry University's School of Continuing Education by completing five courses over the next four months (Summer and Fall semesters) on a full-time basis. Based on the assumptions below, what is the Net Present Value to the programmer of obtaining this license and does it support this investment? Assumptions: Direct costs Tuition, fees and books totaling $7,300 Indirect costs Lost earnings while participating in program totaling $30,000 Interest rate 2% Expected increased productivity (and earnings potential) upon completion of program Period (Year) 1 - $6,000 Period (Year) 2 - $8,000 Period (Year) 3 - \$10,000 Period (Year) 4 - \$12000