You are $30$ years old today and are considering an MBA. You have just received

your annual salary of $$50,000$ and expect it to grow by $3\%$ per year. If you get

an MBA, your salary is estimated to start at $$80,000$ per year and grow by $4\%.$

The MBA program is a $2$ year program at a cost of $$30,000$ per year $($you$\text{'}$ll need

to quit your job to enter the program$).$ If the interest rate is $8\%,$ and you plan to

retire at $65,$ is the MBA worth it$?$ Detail the cash flows for each year, in both

scenarios.

$($Assume all future cash flows come at the end of their respective years$)$

USE EXCEL