Question 6 John Jones is deciding on one of two career choices, before retiring in 40...

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Question 6 John Jones is deciding on one of two career choices,before retiring in 40 years time. Choice 1 John can go to aprestigious graduate school for two years and obtain a degree.Including tuition and living expenses, he expects to pay $75,000 atthe end of each year for two years while at school. Aftergraduating, he expects to land a demanding job that pays $150,000at the end of the third year, and grows at a constant rate of 5%each year (so at the end of the fourth year he expects 150,000*1.05etc.) He will retire in 38 years after finishing graduateschool.
Choice 2 John can continue in his present job. He expects to bepaid $84,000 at the end of the year, and expects his salary toincrease by 6% every year, paid at the end of each year. He expectsto work for 40 years before retiring. If John’s discount rate is10%, which career choice should he pursue?
Please use formulas if needed so I understand.

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Question 6 John Jones is deciding on one of two career choices,before retiring in 40 years time. Choice 1 John can go to aprestigious graduate school for two years and obtain a degree.Including tuition and living expenses, he expects to pay $75,000 atthe end of each year for two years while at school. Aftergraduating, he expects to land a demanding job that pays $150,000at the end of the third year, and grows at a constant rate of 5%each year (so at the end of the fourth year he expects 150,000*1.05etc.) He will retire in 38 years after finishing graduateschool.Choice 2 John can continue in his present job. He expects to bepaid $84,000 at the end of the year, and expects his salary toincrease by 6% every year, paid at the end of each year. He expectsto work for 40 years before retiring. If John’s discount rate is10%, which career choice should he pursue?Please use formulas if needed so I understand.