Complete the following steps and then answer the two questions below assuming a discount rate of 6%. Estimate the total cost of your MBA program and set this as your Year 0 (initial year) outflows. Estimate your annual salary for the next 10 years following your MBA program. Generally, salaries at least account for a COLA (cost of living adjustment). You should assume a raise of at least 2% each year that matches target U.S. inflation levels. You should have one figure for each year. Estimate what your annual salary for the next 10 years would be without an MBA. Generally, salaries at least account for a COLA (cost of living adjustment). You should assume a raise of at least 2% each year that matches target U.S. inflation levels. You should have one figure for each year. Calculate the added salary bump from obtaining your MBA (e.g., Year 1 Added Cash Flow = Year 1 MBA Salary - Year 1 Bachelors Salary). You will end up with 10 cash flows, this will represent your Cash flows for Year 1 through year 10. Solve: What is the NPV of your MBA over the first five years and the full ten years? [6 points] Was your MBA program worth it (from a financial perspective) over either time horizon? How can you tell? [4 points] Note: If you do not feel comfortable using real information, you can use the average cost of one of the top MBA programs below and annual wages from the MBA starting salaries article used in Question 4 and projected salaries for Bachelor's degree graduatesLinks to an external site.. MIT MBA Cost: $241,984 Stanford MBA Cost: $239,928 Wharton MBA Cost: $230,864 Harvard MBA Cost: $223,084 Columbia MBA Cost: $221,362