A Masters of Accountancy degree at Central University costs $12,000 for an additional fifth year of education beyond the bachelor's degree. Assume that all tuition is paid at the beginning of the year. A student considering this investment must evaluate the present value of cash flows from possessing a graduate degree versus holding only the undergraduate degree. Assume that the average student with an undergraduate degree is expected to earn an annual salary of $50,000 per year (assumed to be paid at the end of the year) for 10 years. Assume that the average student with a graduate Masters of Accountancy degree is expected to earn an annual salary of $66,000 per year (assumed to be paid at the end of the year) for nine years after graduation. Assume a minimum rate of return of 10%.

1.Calculate the net present value of cash flows from an undergraduate degree. Use the present value table provided in this chapter in Exhibit 5 or look up Net Present Value tables on the internet

2. Determine the net present value of cash flows from a Masters of Accountancy degree, assuming no salary is earned during the graduate year of schooling.

3.What is the net advantage or disadvantage of pursuing a graduate degree under these assumptions?

I need to show a table breakdown for questions 1 and 2 please.

Year o ovou AWN- Present Value of an Annuity of $ 6% 10% 0.943 0.909 1.833 1.735 2.673 2.487 3.465 3.170 4.212 3.791 4.917 4.355 4.868 5.335 6.802 5.759 7.360 6.145 5.582 6.210 Net Present Value Method and he net present value method and present bn, as illustrated in this section. et Present Value Method