I only need help with question #4 and question #5

CLOSING CASE THE MBA DECISION Bentes graduated to college was so we undergrate degree inceton he has been played in the france department at East Coast Yaches Amough he is sted with unes goal is to become that we fees that would be achieve this goal Alter ego, he has newed his choice to the Winny Mount Pay Caloge Athough most encouraged by to school to pet class credit for the who e salary can be pad. Other than ini meter how low its students to wewe wild Mprogram Berway at Catach 537.000 per you and spend percent per year in the same 28 years und es were mans Heutetja e luy padres et Behang out with money to cover the entire cost of his progo 120 WT2 WCB The College of Surveys to May The MBA westwas wie einer at the themelution is 563.000 De beginning of the Books and reset 52.500 per Beers to the groom to be will offer for about 10.000 pery 518,000 sigring bou. The salary to wincrease at percent per yeat. Because they come will The Bradley School of Business Mount Pery College bears MBA program years ago. The Bradley Schools male and will nown that in Colege Badefesa de you pro patto cost $75.000 to be pelopon matriculations and other apps to the room peded to cost $3.5 betaler goro Mourt Porry, we will receive an efter $82,000 per you wa55.000 gang tot he way my wil net 235cepet your How come to this level of come wil de 25 percent So school ofera cet wilt 5.000 per year he beginning of the Bento estimates tot room and board 2.000 opererat both schools thanh current persyte the beginning of each year. The rate discourate pentrum de ord of each 1. How does Ben's age lectus decision to get an MBA? 2 Woche per orchestredes decision to get ! 3. As altres pot end of each year, What is the best option to entromy facial sport? 4 Inchooting between the two school. Den beste propriate analysis is calle Surele of how would you the 5 Why would be read the indiferente ding in Desty and in his position to targarro Who will be at percentages of his income level & Suppose that wateed of being able to pay comer to MS. Ben mit Benowe money. The current howing respect. How would the section to get CHAPTER 120 2. What other, perhaps nonquantifiable factors, affect Ben's decision to get an MBA? 3. Assuming all salaries are paid at the end of each year, what is the best option for Benfrom a strictly financial standpoint? 4. In choosing between the two schools, Ben believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement? 5. What initial salary would Ben need to receive to make him indifferent between attending Wilton University and staying in his current position? Assume his tax rate after graduating from Wilton University will be 31 percent regardless of his income level. 6. Suppose that instead of being able to pay cash for his MBA, Ben must borrow the money. The current borrowing rate is 5.4 percent. How would this affect his decision to get an MBA? CLOSING CASE THE MBA DECISION Bentes graduated to college was so we undergrate degree inceton he has been played in the france department at East Coast Yaches Amough he is sted with unes goal is to become that we fees that would be achieve this goal Alter ego, he has newed his choice to the Winny Mount Pay Caloge Athough most encouraged by to school to pet class credit for the who e salary can be pad. Other than ini meter how low its students to wewe wild Mprogram Berway at Catach 537.000 per you and spend percent per year in the same 28 years und es were mans Heutetja e luy padres et Behang out with money to cover the entire cost of his progo 120 WT2 WCB The College of Surveys to May The MBA westwas wie einer at the themelution is 563.000 De beginning of the Books and reset 52.500 per Beers to the groom to be will offer for about 10.000 pery 518,000 sigring bou. The salary to wincrease at percent per yeat. Because they come will The Bradley School of Business Mount Pery College bears MBA program years ago. The Bradley Schools male and will nown that in Colege Badefesa de you pro patto cost $75.000 to be pelopon matriculations and other apps to the room peded to cost $3.5 betaler goro Mourt Porry, we will receive an efter $82,000 per you wa55.000 gang tot he way my wil net 235cepet your How come to this level of come wil de 25 percent So school ofera cet wilt 5.000 per year he beginning of the Bento estimates tot room and board 2.000 opererat both schools thanh current persyte the beginning of each year. The rate discourate pentrum de ord of each 1. How does Ben's age lectus decision to get an MBA? 2 Woche per orchestredes decision to get ! 3. As altres pot end of each year, What is the best option to entromy facial sport? 4 Inchooting between the two school. Den beste propriate analysis is calle Surele of how would you the 5 Why would be read the indiferente ding in Desty and in his position to targarro Who will be at percentages of his income level & Suppose that wateed of being able to pay comer to MS. Ben mit Benowe money. The current howing respect. How would the section to get CHAPTER 120 2. What other, perhaps nonquantifiable factors, affect Ben's decision to get an MBA? 3. Assuming all salaries are paid at the end of each year, what is the best option for Benfrom a strictly financial standpoint? 4. In choosing between the two schools, Ben believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement? 5. What initial salary would Ben need to receive to make him indifferent between attending Wilton University and staying in his current position? Assume his tax rate after graduating from Wilton University will be 31 percent regardless of his income level. 6. Suppose that instead of being able to pay cash for his MBA, Ben must borrow the money. The current borrowing rate is 5.4 percent. How would this affect his decision to get an MBA