Miguel and Carmin Are Both 30 Years Old and Both

Miguel and Carmin are both 30 years old and both have bachelor's degrees in business. They are both students of an IT certification program to improve their computer skills. Miguel is unemployed and is paying the tuition for the certificate program. Carmin's employer, however, is covering her tuition and she is able to attend the program during her work hours. Which statement is TRUE regarding their rates of return on the investment in human capital?

A) Carmin's personal rate of return will be higher than Miguel's, since her employer is paying for her tuition and her time during the training.
B) Miguel's personal rate of return will be higher, since he is sacrificing more to gain the training.
C) Their personal rates of return will be equal, since they have nearly the same skills entering the training program and will leave the program with the same skills.
D) Carmin's rate of return will be higher than Miguel's because both she and her employer will benefit from her training, while Miguel is the only potential beneficiary from his training, even if he is employed at a later date.