Would it be a smart financial decision

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Reference no: EM133496935

Case: Your age is 31, and you are working as a regional manager at an office supply company. You left the job and started your MBA with UCW. If you would have stayed in the job, you would have paid a real income stream of $50,000 per year until retirement at age 65. But you left the job and started MBA program with UCW, therefore you would have to forego two years of income, but his real income after graduation would be $60,000 per year until 5 years then there is a possibility to increase your wage to $100K to you retirement age 65. You have been accepted to an MBA program that costs a real $50,000 to complete the program and your real opportunity cost is 10 percent. (Show your calculations and explain your decision clearly) (Word limit 250)

Question 1: After leaving your job to get into an MBA program, would it be a smart financial decision?

Question 2: In order to explain your answers, you have to show your Pay Back Period, NPV or IRR to take your decision.

Reference no: EM133496935

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