In this assignment you will perform a Net Present Value Analysis for a project. 1. Assume a student is planning to pursue a two-year masters degree. There are two educational options the student is considering, with investment and cash flows as follows. Option A: Full-Time Education Example cash investment: $100,000. Currently the student is earning $30,000. The student will quit his/her current job to study a Masters degree in computer science. Upon graduation the student hopes to earn $60,000 per year in new job. Option B: Part-Time Education Example cash investment: $100,000. Currently the student is earning $30,000. The student can work part-time for three years at a salary of $20,000 while studying towards the masters degree in project management. Upon graduation the student anticipates a possible increase in salary by $10,000 (total $40,000) in the same company. 4) In unit 8, changes to the quiz. Open the quiz file and make the changes as indicated to numbers 3, 11, 12, and 14. The requirements for the assignment are: Answer the following questions based on the unit readings: 1. Briefly describe what net present value is, how it is calculated, and what it is used for. 2. Calculate the NPV for each educational option. The discount rate is 8%. 3. Which option should the student choose? Explain your decision including any necessary assumptions made. The paper must be APA-formatted as a Word document. SafAssign will be used to check this assignment for plagiarism. Remember to paraphrase in your own words and do not copy directly. The length must be 1-2 pages, excluding the title and reference pages.