Scenario: You are 18 years old and currently in your last year of high school, the idea of working until you reach 65 years old is a little scary, but you have a choice to make. You have been offered a full time job at $4.00 over the BC minimum wage. You have also been offered a spot in the Thompson Rivers University Bachelor of Business Administration Degree program. You must make a choice of whether to go to the university or to take the job and start to make money right away. If you decide to go to university, you will qualify for the RBC Finance Scholarship and Job Offer Programme offered to 3^rd year Finance Students. This will give you a $5000 cash award at the start of your last year of study as well as a guaranteed job upon graduation at a wage of $35,000 to $40,000. You will have to pay for housing and food in either case, so assume that these expenses will be equal regardless of whether you go to university or start work. Assignment: Make a choice (based upon sound financial analysis, that will affect the rest of your life) and justify it using present value analysis. If you choose university, after you complete your university degree (in 4 years) and work for 5 years, you think that you might want to go to the UBC Sauder School of Business for an MBA. Costs are $25,000 per year and you can expect a starling salary of $80,000 upon completion of the 2 year programme. Should you take two years out and do your MBA? The assignment must have all pertinent information on a single page, with any supporting material in appendices. Proper references to your appendices must be noted. Here is some helpful information: In 2001, the minimum wage was $8.00 per hour, currently, in British Columbia, it is $10.85 per hour. The average work week in British Columbia is 40 hours. The current Government of Canada prime rate is 3.0% and the t-bill rate is 1.1%. Tuition and books and other university related expenses cost $8500 per year and are expected to be stable for the foreseeable future. Working in the financial sector, you can expect an average increase of salary of 3.5% per annum