(Answered) Text p. 31 #7 (LO2). It is estimated that over 100,000 students will apply to the top 30 MBA…

Text p. 31 #7 (LO2). It is estimated that over 100,000 students will apply to the top 30 MBA programs in the United States this year.Using the concept of net present value and opportunity cost, explain under what circumstances it is rational for an individual to pursue an MBA degree