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Please solve the following with the information provided below! Option 2: MBA (3-year evening program) Annual cost of MBA program: $25000 Length of MBA program

Please solve the following with the information provided below!

Option 2: MBA (3-year evening program)

Annual cost of MBA program:

$25000

Length of MBA program

3 years

Initial base pay differential:

$20000 increase

Growth rate of salary differential

3%

Discount rate:

2.27%

Age

Years after initial investment

Tuition

Salary differential cash flow

PV of Salary differential

30 (pay tuition)

0

31 (pay tuition)

1

32 (pay tuition)

2

33

3

34 (salary increase begins)

4

35

5

36

6

37

7

38

8

39

9

40

10

41

11

42

12

43

13

44

14

45

15

46

16

47

17

48

18

49

19

50

20

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