Jane is unhappy with her current salary and is considering doing
a two-year MBA. For simplicity assume the MBA starts today (i.e.,
in t=0). Tuition is $25,000 per year payable at the beginning of a
year. Jane must additionally buy books and supplies worth $5,000
per year which are again payable at the beginning of a year. If
Jane pursues the MBA she expects to get a job right after
graduation. The job entails a signup bonus of $10,000 immediately...