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You are 22 now. You have 2 options: get an MBA or get a job. If you decide to get an MBA, it will cost

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You are 22 now. You have 2 options: get an MBA or get a job. If you decide to get an MBA, it will cost you $75,000 per year for 2 years. Then you receive a salary of $100,000 a year. This salary will grow at 3% a year for 40 years, at which point you retire. If you get a job, you receive a salary of $65,000 a year. It grows at 1% per year until you retire (i.e. for 42 years). If your discount rate is 15%, what is the NPV of each option? Which should you choose

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