You turned 25 years old on December 20, 2022. Your salary for 2023 is $50,000 and is expected to increase 4% per year until you retire in 40 years. Your salaries are paid at the end of every year. Your average tax rate is 20% percent. On December 28, 2022, XYZ encouraged you to consider obtaining a CPA certificate which will enable you to be promoted to a CPA. XYZ indicated that upon promotion your annual salary will become $65,000 and is expected to increase 3.5% annually until you retire at the age of 65. Your new salaries will still be paid at the end of each year. In addition, you will receive a one-time bonus of $5,000 payable January 1, 2024. Because of the higher salary, your average tax rate is expected to rise to 25% .Nevertheless, XYZ indicated that you will be responsible for all the expenses associated with the certificate and since it is a full-time program you cannot work while enrolled. The classes will start on January 5, 2023. Tuition fee is $7,000, books, study material and a financial calculator would cost another $1,000. All these expenses are due at the beginning of the certificate program; i.e., they are due on January 5, 2023. Using the TVM concepts and 4.5% discount rate which is equal to the approximate interest rate on student loans take a decision on whether you should go ahead with the certification or not? Also, what is the minimum starting CPA salary that should be offered to you to get the certification?