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Group Case StudyFINA 3000Case StudyRaj Danielson graduated from university six years ago with a finance undergraduate degree. Although heis satisfied with his current job, his goal is to become an investment banker. He feels that an MBAdegree would allow him to achieve this goal. After examining schools, he has narrowed his choice toeither Assiniboine University or the University of Passy. Both schools encourage internships, but to getclass credit for the internship, no salary can be accepted. Other than internships, neither school allowsits students to work while enrolled in its MBA program.Raj currently works at the money management firm of Prash and Sid. His annual salary at the firm is$55,000 and his salary is expected to increase at 3 percent per year until retirement. He is currently 28years old and expects to work for 38 more years. His current job includes a fully paid health insuranceplan, and his current average tax rate is 26 percent. Raj has a savings account with enough money tocover the entire cost of his MBA program.