Question: Peta Barend earns 33,000 a year working for a textile company as an engineer. She is considering the possibility of leaving the company and

Peta Barend earns 33,000 a year working for a textile company as an engineer. She is considering the possibility of leaving the company and starting her own business. To do this, she will have to use all her 50,000 savings that are currently invested at an interest rate of 3 per cent. She estimates that the annual profit from her own business will be 46,000. Other relevant costs in starting her own business amount to 2,250. Required: Using the information above, calculate the net relevant benefit of Peta starting her own business.

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