Over the years, one of the main focuses of the Humanities has been the "struggles" of many of the historical figures and all that they had to go through to become the giants that they were destined to be. Some of these figures suffered from mental illness, depression, and drug addiction. They had to overcome a number of obstacles. Overall, they suffered as they created the art that we have come to know and love. Some of those figures include, Vincent van Gogh, Emily Dickinson, Oscar Wilde, Virginia Woolf, Ray Charles, and Elvis Presley. In addition to struggling with their personal demons, some of these artists were only recognized posthumously (after their deaths).Many would argue that today's artists, entertainers, and writers have to face few struggles, if any. Today's entertainers became overnight sensations because of vehicles like YouTube and shows like The Voice and American Idol. Instead of spending years as a "starving artist," one million views on YouTube can catapult a virtual unknown person into the spotlight. Once a video goes viral on the Internet, life for the featured "star" of that video will forever be changed.In light of today's technology, is there such a thing as a "struggle" anymore? Explain your reasoning by giving examples.

David Jetter graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools, he has narrowed his choice to either Prentice University or Mount Alliance College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. David currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $50,000 per year, and his salary expected to increase at 3 % per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 %. David has savings account with enough money to cover the entire cost of his MBA program. The Ritt College of Business at Prentice University is one of the top MBA programs in the country. The MBA degree requires two years of full time enrollment at the university. The annual tuition is $65,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $3000 per year. David expects that after graduation from Prentice, he will receive a job offer for about $110,000 per year, with a $20,000 signing bonus. The salary at this job will increase at 4 % per year. Because of the higher salary, his average income tax rate will increase to 31 %. The Bradel School of Business at Mount Alliance College began its MBA program 16 years ago. The Bradel School is smaller and less well known than the Ritt College. Bradel offers an accelerated, one – year program, with a tuition cost of $80,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $4,500. David thinks that he will receive an offer of $92,000 per year upon the graduation, with an $18,000 signing bonus. The salary at this job will increase at 3.5 % per year. His average tax rate at this level of income will be 29 %. Both schools offer a health insurance plan that will cost $3,000 per year, payable at the beginning of the year. David also estimates that room and board expenses will cost $2,000 more per year at both schools than his current expenses, payable at the beginning of each year. The appropriate discount rate is 6.5 percent. 3. Assuming all salaries are paid at the end of each year, what is the best option for David – from a strictly financial standpoint? Explain why in detail with calculations. 4. David believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement? So what is the future value of each option? 5. What initial salary would David need to receive to make him indifferent between attending Prentice University and staying in his current position? Explain in detail with calculations.