Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Larry is choosing between two career paths. The first path involves obtaining a four-year college degree that will result in a job that pays $72,000 per year. The second path involves going to college and obtaining a master's degree. If he chooses this path, he can expect to earn $80,000 per year after graduation. If the cost of college for the first path is $120,000 and the cost of the second path is $155,000, which should he choose if his goal is to have the shortest payback period?

A. He should choose path two.
B. He should choose path one.
C. He could choose either since both paths have the same payback period.
D. It is impossible to answer this question without knowing how much Larry currently earns.

Sagot :

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.