Graduating from Pu with a bachelor’s degree is very valuable

Graduating from Pu with a bachelor’s degree is very valuable. You have received an offer to work at a manufacturing company with a pay of $70,000 per year. You now see two options ahead. You could take the job and begin your life outside school or you could choose to continue on to graduate school at Pu for another two years to obtain a Master’s degree. You expect that a Master’s degree would earn you approximately 30% more per year than what you command now, and that this benefit in salary will last for 10 years after getting the degree. What is the upper bound on the cost of the Master’s degree that would make attending graduate school a wise decision? Ignore discounting or interest in your calculations, ignore the possibility of receiving any raises, and ignore any other impacts besides that presented in the problem.