You currently make $75,000 a year and expect your salary to increase by 10% a year for 20 years. You are considering an MBA which will cost you $30,000 per year paid at the end of year 1 and year 2. If you take the MBA, you will have to pay the full tuition at the end of year 1 and year 2 of your MBA studies and you will make zero earnings at the end of years 1 and 2. However, after graduation you will have an opportunity to join a premier investment bank, which promises $95,000 a year, which will grow by 15% for 18 years after graduation. The discount rate is 10%.