A student is trying to determine if an MBA makes sense for his career. He is considering two options for his life.

The first option is to attend a school for his MBA for the next three years. The MBA will cost $41,095.00 per year. After school is over, he will make $79,662.00 per year. He expects his salary to grow at 4.00% a year for 29.00 years after the MBA.

The second option is to stay in his current job. He currently makes $60,601.00 per year. If he does not get an MBA, he expects his salary to grow at 3.00% for the next 32.00 years.

The student can earn 8.00% per year on his investments. For simplicity, lets assume all cash flows are at the end of the period (including MBA tuition).

Should you pursue your MBA? (Yes or No)