Homework: Production and Cost: X MindTap - Cengage Learning X Course Hero * + X C https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5813538219621591114194498&elSBN=978133... A CJ CENGAGE | MINDTAP Q Search this course ? Homework: Production and Costs (Ch 21) X Back to Assignment Attempts Keep the Highest / 2 A-Z E 2. Calculating costs Juanita is working for an advertising firm making $60,000 per year but considers starting her own advertising company. Juanita has determined that to launch the business, she needs to invest $100,000 of her own funds. The annual cost of running the business will include $70,000 for the rent of EI the office space, $210,000 for employee wages, and $5,000 for materials and utilities. Juanita plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%. + 1 2 Juanita's total explicit cost per year is bongo Juanita's total cost per year is Grade It Now Save & Continue Continue without saving ? A+ C+ O 50OF Q Search 5:52 PM Sunny 3/24/2024Homework: Production and Cost: X MindTap - Cengage Learning X Course Hero * + X C https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5813538219621591114194498&elSBN=978133... A CJ CENGAGE | MINDTAP Q Search this course ? Homework: Production and Costs (Ch 21) X Back to Assignment Attempts Keep the Highest / 2 A-Z E 2. Calculating costs $285,000 Juanita is working for an advertising fir 0,000 per year but considers starting her own advertising company. Juanita has determined that to launch the business, she needs to in $351,000 0 of her own funds. The annual cost of running the business will include $70,000 for the rent of EI the office space, $210,000 for employe $291,000 $5,000 for materials and utilities. Juanita plans to manage the business, which means that she will have to quit her current job. Suppo terest rate (or rate of return) on investments in the economy is 6%. + $385,000 1 2 Juanita's total explicit cost per year is bongo Juanita's total cost per year is Grade It Now Save & Continue Continue without saving ? A+ C+ O 50OF 5:52 PM Sunny Q Search 3/24/2024Homework: Production and Cost: X MindTap - Cengage Learning X Course Hero * + X C https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5813538219621591114194498&elSBN=978133... A CJ CENGAGE | MINDTAP Q Search this course ? Homework: Production and Costs (Ch 21) X Back to Assignment Attempts Keep the Highest / 2 A-Z E 2. Calculating costs Juanita is working for an advertising firm making $60,000 per year but considers starting her own advertising company. Juanita has determined that to launch the business, she ne $351,000 $100,000 of her own funds. The annual cost of running the business will include $70,000 for the rent of EI the office space, $210,000 for ages, and $5,000 for materials and utilities. Juanita plans to manage the business, which means that she will have to quit her current jo $345,000 hat the interest rate (or rate of return) on investments in the economy is 6%. + 1 2 $445,000 Juanita's total explicit cost pe $285,000 bongo Juanita's total cost per year is Grade It Now Save & Continue Continue without saving ? A+ C+ O 50OF Q Search 5:52 PM Sunny 3/24/2024