BSAD 180: Managerial Finance Assignment 1: TVM of an MBA education Emma Blackstone is 25 years old and expects to retire when she is 65 years old. She graduated from UVM 3 years ago. She is now working for JP Morgan as an analyst. Her annual compensation is estimated to be $100,000 for this coming year. Her compensation at the current job is expected to increase at3% per year She feels that an MBA education would allow her to further advance her professional career, and she was recently admitted by the Tuck School of Business. It is a 2-year MBA program. The total cost of attending the Tuck School is $100,000 a year, payable at the beginning of each year, and she did not receive any financial aids. She expects that after the education her starting annual compensation will be around $150,000. In addition, annual compensation will be growing at a rate of 4.5% per year The appropriate discount rate is 7%. Tasks: Please use TVM techniques that you learned in Chapter 4 to analyze this situation. Assume all compensations are paid at the end of each year. Should Emma get her MBA education? Note that TVM involves quantitative analyses. A report with only qualitative analysis is not acceptable Please submit your typed report in a week