Case 3 - Consulting Fees. A faculty member at a College of Engineering is asked to take part in a project for a local company through a research firm that is associated with the Institute. The policy is for no more than four consulting days per month unless the faculty member "buys out" some of his/her teaching load. The faculty member is currently conducting workshops for colleagues at another institute at the rate of $1,000 per day. The workshops require two days and he has been conducting at least one, and often two, per month. The research firm pays at the rate of $40 per hour The faculty member declines the work based on the pay level, but states that he would change his decision if they raise the pay to $100 per hour. The representative for the research firm takes the request to the firm and the response to the faculty member is that the fee cannot be raised, but that he can submit two and a half times the actual hours worked on his time card. What should the faculty member do