FINANCE 301.20W F18 HW 12 10.15.19 DUE 10.17.18()(Compatibility Mode)- Microsoft Word Normal 1 No Spaci... Heading 1 Heading 2 Subtitle Subtlie Em... Emphas Title Styles I. You graduated from Loyola two years ago, amd you are now carming a saary ofs50,000 per year. The total cost of your Loyola education was $200,000. You are now thinking about eaming an MBA degree. Because of your excellent education at Loyola, you are eligible for the one-year, accelerated program at Global University, which has a cost of S 100,000 for tuition. room, board, books, etc. As you are deciding what to do, your boss at work tells you that, based on your outstanding performance, you will be promoted nth; the new position would carry a salary of S60,000 per year, or S10,000 more than you are eaning now. You estimate that the MBA will translate into the following incremental after-tax eamings (over and above what you would eam in the future by staying on your current job) for the next ten years, which is your decision horizon: Incremental Year After-tax Eamings 5.000 20.000 23,000 26,000 30,000 35.000 40.000 50.000 60.000 70.000 There are no incremental costs fom You have a discount rate of 10.0%. any additional working capital. Please answer the following questions: A. What is the present value of the incremental after-tax eamings