When the Ehrenberg Company closed, the Smith Company (which provides no training for its employees) offered to hire any of Ehrenberg’s former employees after they completed a lengthy retraining program at a local vocational institution. The Equal Employment Opportunity Commission (EEOC) noticed that Smith would up hiring only younger workers displaced from Ehrenberg and launched an investigation to see if any age discrimination had occurred. During the investigation Smith claimed that it had hired all of the applicants from Ehrenberg that had successfully completed the retraining program regardless of age. From what you know of human capital theory, is Smith’s claim at all credible?