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 fuition and needed books for a master's program will have an upfront cost of $$53,000$ If she enrolls in an MBA program, Jenny will quit her current job, which pays $$50,000$ per year $($for simplicity, treat any lost earnings as part of the Are the benefits of further education worth the associated costs?

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

Tuition $(C{F}_0)$

Extra earnings

$$23,000$

$$23,000$

cdots

$$23,000$

The net present value $($NPV$)$ of entering this MBA program is $$($Round to the nearest dollar$)$