Suppose you plan to retire in eight years, but your boss would like yo

Suppose you plan to retire in eight years, but your boss would like you to earn an online MBA in order to take on a new managerial position.

The firm will continue to pay your salary while you are working through the online courses, and the new position pays an additional $15,000 per year. The online MBA tuition is $35,000 per year, and your discount rate is 5%. Should you complete the degree? A) No, the net present value of the degree is negative.
B) Yes, the net present value of the degree is about $4,300
C) Yes, the net present value of the degree is about $20,000
D) We do not have enough information to answer this question.

ANSWER

B