Q7: You are 25 years old today and are considering taking a Master program. You just received your annual salary of $30,000 and expect it to grow by 4% per year. Employees with a master degree earn $50,000 each year, with salaries growing by 5% per year. The Master program you're considering is a full-time, 2-year program that costs $40,000 per year, payable at the end of each study year. You want to retire on your 60+ birthday. The relevant discount rate is 6%. Is it worthwhile for you to quit your job to take a master's degree (ignore income taxes)? What is the internal rate of return of the Master program? (15')