Suppose you are deciding between going to graduate school and getting a Master's degree, or getting a job when you graduate from college. If you were to get a job when you graduate, you would earn $60,000 for each year of work. If you were to go to graduate school, you would pay tuition of $25,000. It takes 1 year to complete your Master's degree, after which you would earn $100,000 for each year of work