Becky works in sales but is considering quitting work for two years to earn an MBA. Her current job pays $40,000 per year (after taxes), but she could earn

$55,000 per year (after taxes) if she had a master’s degree in business administration.

Tuition is $10,000 per year, and the cost of an apartment near campus is equal to the $10,000 per year she is currently paying. Becky’s discount rate is 6 percent per year. She just turned 48 and plans to retire when she turns 60, whether or not she gets her MBA. Based on this information, should she go to school to earn her MBA? Explain carefully.