: You are also thinking of going to a new online university, Online4U, which only costs $15,000 per year. However, you will also have to obtain an additional certificate at the end of the fourth year, which costs $5,000. Then you have to renew your professional certificate every 5 years at the same $5,000 cost. Upon graduation (after 4 years), your starting salary will be $60,000 and will grow by 2% per year. Assume you will also work for 30 years after graduation. Your discount rate is 7%. Calculate the IRR and NPV