Current Attempt in Progress

Jennifer, age $50,$ is considering going back to school. She would like to retire at age $67.$ She currently earns $$53000$ per year. If she goes

graduate degree. The degree will cost $$72000.$ Based on the payback method discussed in the chapter, Jennifer should:

only go back to school if the time and effort will result in an increase in personal satisfaction and fulfillment.

not go back to school because the cost of the degree exceeds the extra income she will earn over her working life.

go back to school because any investment in human capital is a wise money$-$management decision.

go back to school because the net increase in human capital is greater than the cost of the education.