Find the break even point (number of years for the two master programs (take i = 6%). Which alternative is preferred after this time?

A graduating student has decided to pursue a career in consulting engineering. She is currently deciding between starting a consulting job now, or first completing a master of science (MS) in civil engineering degree - either an accelerated (1 year) or a traditional (2 years) program. Consider the salary and tuition information provided below. Tuition is due at the beginning of each year; salary is paid at the end of each year. Assume living costs are equivalent for each alternative. Salary Tuition ($) Salary ($) starts end Alternative Annual salary increase (%) of year Consulting job 0 60,000 1 6 Accelerated MS 15,000 (1 yr) total 70,000 2 6 Traditional MS (2 12,000/yr 80,000 yr) 3 6