C$)$ Household $1($HH$1)$ has a discount rate of $5\%,$ and Household $2(HH2)$ has a discount rate of $10\%.$ Show the following clearly. To make it easy for you, we have provided a grid in which you can write your answers to this question.

a$.$ The discount factor for each $HH$ for each time period

b$.$ The discounted value of the cost $/$ benefit of each of the $3$ options above for each $HH$ for each time period

c$.$ The Net Present Value $($NPV$)$ of each option for each HH

D$)$ What choice will each household make about the level of education for their child?

E$)$ The government has infinite patience $($discount rate of $0\%).$ What level of education would the government like the child to get $($show the calculation$)?$

F$)$ The government now considers offering a conditional cash transfer $($CCT$)$ program to encourage all households to obtain more education for their children. What is a conditional cash transfer and how could it help ensure that all children go to school?

G$)$ In this example, what should the minimum value of the transfer be to ensure that all children go to primary school $($round your answer to the minimum whole dollar amount$)?$

H$)$ What is the minimum amount of transfer required to ensure that all children go to secondary school?