5. Your employer offers 2 options as an increase to your salary for the next year:Option 1: You can have a 2.5% increase of your median annual salary.Option 2: You can take an increase of $1150 added to your median annual salary.• Find the new annual salary for both Option 1and Option 2 for the college graduate. Show your calculations.• Which option should you choose as a college graduate? Explain why using an absolute change or relative change statement in your response.• Find the new annual salary for both Option 1and Option 2 for the high school graduate.Show your calculations.Which option should the high school graduate choose? Explain why using an absolute change or relative change statement in your response.