Step by step solution for all four question with explanation. ..don't upload images....solve if you can....thanks

MINICASE The MBA Decision Ben Bates graduated from university six years ago with an undergraduate degree in nance. Although he is satised with his current job. his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining SChUlS. he has narrowed his choice to either Atlantic University or Pacific University. Although internships are encouraged by both schools. to get class credit for the intemship. no salary can be paid. Other than internships, neither school will allow its studean to work while enrolled in its MBA program. Ben currently works at the money management rm of Dewey and Louis. His annual salary at the rm is $61000 per year. expected to increase at 3 percent per year until retirement. He is currently 23 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan. and his current average tax rate is 26 percent. Ben has a savings account with enough money to cover the entire cost of his MBA program. The Faculty of Management at Atlantic University is one of the top MBA programs in the coun try. The MBA degree requires two years of fulltime enrollment at the university. The annual tuition is $70,000. payable at the beginning of each school year. Books and other supplies are estimated to cost $3.000 per year. Ben expects that after graduation from Atlantic, he will receive a job offer for about 51 10.000 per year. with 3 320.000 signing bonus. The salary at this job will increase at 4 per- cent per year. Because of the higher salary, his average income tax rate will increase to 31 percent. The School of Business at Pacific University began its MBA program 16 years ago and is less well known than Atlantic University's Faculty of Management. Pacific University offers an accelerated, onewyear program. with a tuition cost 01385.00) to be paid at The beginning of the school year. Books and other supplies for the program are expected to cost $4.53]. Ben thinks that he will receive an other of $921130 per year upon graduation. with an $18,030 signing bonus. The salary at this job will increase at 3.5 percent per year. His average tax rate at this level of income will be 29 percent. Both schools offer a health insurance plan that wi ll cost $3.000 peryear, payable at the beginning of the year. Ben also estimates that room and board expenses will cost 51th more per year at both schools than his current expenses. payable at the beginning of each year. The appropriate discount rate is 6.5 percent. I. How does Ben's age affect his decision to get an MBA\"? 2. What. other. pertiaps non-quantifiable. factors affect Ben's decision to get an MBA? 3. Assuming all salaries are paid at the end of each year, which is the best option for Benfrom a strictly financial standpoint? 4. 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 Atlantic University and staying in his current position