Assume that you are about to graduate from your university and are deciding whether to apply for graduate school or enter the job market. To help make the decision, you have gathered the following data: cost incurred for the bachelor's degree 163,000 out of pocket cost for the master's degree 92,000 estimated starting salary with a BA 48,400 estimated starting salary with a MA 66,800 estimated time to complete master's 2 years estimated time from present to retirement 40 years What is the opportunity cost associated with earning the master's degree? $