1. Monday Good is a well known Lawyer in Louisiana. He runs Good People Law Firm in New Orleans, Louisiana. He hired you as his Budget Director in 2022. The following facts are provided to you: Projection for firm revenue in 2023 is $80 million. In 2022 lawyers and office staff cost the firm $2. 5 million. Last year, there were 200 lawyers in the firm, additional 10 lawyers will be needed at a total cost of $800,000. In 2022, Administrative and travel expenses amount to $3.5million. This year 2023 these costs are expected to increase by 20%. Litigations cost and professional liability insurance were in 2022 $6 million. In 2023 these costs will decrease by 25%