Project 5 - Human Capital Investment Instructions: Please complete this assignment and submit though Elackboard as a .clocit file. 1rou may consult with the classmatesfinstructor at any time. Please show your worlr: list out the N, In. Fir, lit-ITr and Fir with correct signs and yo erthought process. 1. Josh Is not sure If he should attend college or not. Part of his decision wlll he lsased on the return on Investment of college. He estlmates that the per year cost to attend Texas Tech Including room and lsoard is SJTJE El. He also assumes the cost will rlse by 5.516 per year. How much is a at year degree going to cost Josh? 2. Josh recognises that not only wlll he haye the costs of attending school, but he will also he glylng up a salary whlle he attends school. He figures the ayerage salary for those with only a high school diploma is $3,. He assumes he would receive a 2.416 cost of llylng ralse each year. Determine how much money he will forgo while attendlng school. El. If Josh adds the cost of college with the salaryI he will forgo by attending college, he nds It will cost: In total. {Keep in mind that this does not include any Interest on Icons needed to poyjor schooJ'J a. To help- him determine ii it really is worth it to get a college education; Josh wants to see what the return on Investment [Ftl] will he In years after grad uatlon. After some research, Josh dlscoyers that for him career choice he can expect to earn 52 million with a degree and Egmy with out one. what is Josh's ED-year HUI? (Hint.- IJse WM ondsoryejor {ff-J 5. Is this Is a good HUI or not?l Ijst at least 3| other factors hesldes Ftl that Josh should consider