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Assume that total annual cost of attending UO is $50,000 for an international student. A...

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Assume that total annual cost of attending UO is $50,000 for an international student. A friend of mine is considering moving to US now, receiving a bachelor's degree from UO in 4 years, and finding a job after that. He pays his first tuition bill 1 year from now. The salary for his job is $75,000 and he receives his first paycheck in five years from now and he plans to work for 35 years (his last paycheck will be in 40 years from now). For simplicity, assume there is no other costs, no other opportunities, no raises, no chance of dropping out of college and no chance of getting fired. Interest rate is 12% and inflation rate is 2%. What is NPV of his move to US? Hint: Note that the salary annuity starts in year 5, meaning that the present value formula of annuity gives you value of the annuity at year 4, not today. Round your answer to the nearest dollar and enter without $ sign. For example, enter 743 for $742.76

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