Long$-$term investment decision, NPV method Jenny Jenks has researched the financial pros and cons of entering into a $1-$year MBA program at her state university. The tuition and needed books for a master's program will have an upfront cost of $$50,00$ a$.$ If she enrolls in an MBA program, Jenny will quit her current job, which pays $$50,000$ per year $($for simplicity, treat any lost earnings as part of the upfront cost$).$ On average, a person with an MBA degree earns an extra $$20,000$ per year over a business career of $38$ years. Jenny believes that her opportunity cost of capital is $5\mathrm{.}1\%.$ Given her estimates, find the net present value $($NPV$)$ of entering this MBA program. Are the benefits of further education worth the associated costs?

The following time line depicts the cash flows associated with this problem:

Tuition $)$

Extra earnings

The net present value $($NPV$)$ of entering this MBA program is $

$($Round to the nearest dollar.$)$