Josie has an undergraduate degree in economics and has been working as a utility rate analyst at the local electricity utility. If she continues on her present career path, the present value of her lifetime earnings is €250,000. If she takes two years off and gets an MS degree in economics, the present value of her lifetime earnings becomes €275,000. The annual cost of an MS degree in economics is €15,000 and the interest rate is 8%.
The discounted (present value) cost of Josie's graduate degree in economics is.............
The discounted (present value) benefit of Josie's benefits to getting a graduate degree is...................