Your younger brother has come to you for advice. He is about toenter college and has two options open to him. His first option isto study engineering. If he does this, his undergraduate degreewould cost him $30,000 a year for four years. Having obtained this,he would need to gain two years of practical experience: in thefirst year he would earn $35,000, in the second year he would earn$40,000. He would then need to obtain his master’s degree, whichwill cost $35,000 a year for two years. After that he will be fullyqualified and can earn $60,000 per year for 30 years. His otheralternative is to study financial accounting. If he does this, hewould pay $25,000 a year for four years and then he would earn$50,000 per year for 35 years. The effort involved in the twocareers is the same, so he is only interested in the earnings thejobs. provide. All earnings and costs are paid at the end of theyear. What advice would you give him if the market interest rate is5 percent?

a. Tell him to choose Engineering since its NPV is$526,611.09

b. Tell him to choose Financial Accounting since its NPV is$584,905.75

c. Tell him to choose Engineering since its NPV is$341,155.80

d. Tell him to choose Financial Accounting since its NPV is$409,205.58

e. Tell him to choose Engineering since its NPV is$599,134.32