Review Mini Case: The MBA Decision in your textbook on page 200, or at the end of Chapter 6 in your textbook. Then, answer the following questions:

• How does Bens age affect his decision to get an MBA?

• What other, perhaps non-quantifiable, factors affect Bens decision to get an MBA?

• Assuming all salaries are paid at the end of each year, what is the best option for Benfrom a strictly financial standpoint?

• Ben believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement?

• What initial salary would Ben need to receive to make him indifferent between attending Wilton University and staying in his current position?

• Suppose, instead of being able to pay cash for his MBA, Ben must borrow the money. The current borrowing rate is 5.4%. How would this affect his decision?