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learn$ave Project: Final ReportAppendix HDiscount values and costsIn the report, results were discounted assuming a fiveper cent discount factor on investment, based on currentcapital cost conditions. Alternative estimates usingvarious annual discount rates up to 12.5 per cent areshown in Table H below.Table Hlearn$ave Present Value Cost-Economy, Cost-Efficiency and Cost-Effectiveness ($), by Program Group and Different Discount Rates,All Program Group Participantslearn$ave-onlylearn$ave-plusCost-Economy (average perProgram Group Member)2.5% 5.0% 7.5% 10.0% 12.5% 2.5% 5.0% 7.5% 10.0% 12.5%Program ActivitiesRecruitment 135 135 135 135 135 135 135 135 135 135Enrolment 95 95 95 95 95 95 95 95 95 95Financial Management Training 0 0 0 0 0 66 65 64 63 62Case Mangement Services 121 114 107 100 95 169 160 152 144 136Matched withdrawal orientation 17 16 15 15 14 18 17 17 16 15Matched withdrawal processing 298 280 263 248 233 311 292 274 258 243Account closure processing 36 33 30 28 26 36 33 30 28 26Bank administration (imputed) 13 13 13 13 13 13 13 13 13 13General Operating Costsat SEDI 447 426 406 388 371 447 426 406 388 371at sites 858 822 788 755 725 865 828 793 761 730Total Program Delivery Cost 2,021 1,934 1,853 1,777 1,706 2,156 2,065 1,979 1,899 1,825Matched credits awarded 2,005 1,890 1,783 1,683 1,590 2,156 2,030 1,913 1,804 1,703Total Cost Economy 4,026 3,824 3,636 3,460 3,296 4,312 4,095 3,892 3,704 3,528Cost-EfficiencyProportion who are active participants (%) 80.4 80.4 80.4 80.4 80.4 84.2 84.2 84.2 84.2 84.2Cost per Active Participant 5,006 4,755 4,521 4,303 4,098 5,119 4,861 4,620 4,397 4,188Average peak learn$ave savings 940 925 910 896 882 999 982 966 950 935Cost per Dollar Saved 4.28 4.09 3.91 3.75 3.59 4.32 4.12 3.94 3.77 3.61Participants receiving education as aproportion of all participants (%)84.7 84.7 84.7 84.7 84.7 86.7 86.7 86.7 86.7 86.7Cost per Participant Receiving Education 4,754 4,516 4,293 4,086 3,892 4,974 4,724 4,490 4,273 4,070Cost-EffectivenessImpact on enrolment in education/trainingoverall (percentage pts)Cost Per Additional Person ReceivingEducation and Training5.5 5.5 5.5 5.5 5.5 7.5 7.5 7.5 7.5 7.573,869 70,168 66,707 63,494 60,475 57,880 54,966 52,245 49,717 47,358Impact on enrolment in an educationprogram (percentage pts)Cost Per Additional Person Enrolled in anEducation ProgramSource:7.8 7.8 7.8 7.8 7.8 10.8 10.8 10.8 10.8 10.851,482 48,902 46,490 44,251 42,147 39,963 37,952 36,073 34,327 32,698Calculations from learn$ave site staff time studies, Program Management Information System and accounting recordsSocial Research and Demonstration Corporation Appendix H | 157