Question 10 GFT decided to statistically test the idea that costs increased after month 15 (for what ever reason) using a linear regression model that includes a step cost to capture the apparent increase after month 15. The model they estimated is: Total Costs = bo+b # of steps + b the number of clients bo is the estimate of monthly fixed costs b is the cost per step. For months 1 to 15 the number of steps -0 and For for months 16 to 30 the number of steps = 1 bz is the variable cost per client The linear regression results were: Variable Constant Steps Coef. Estimate 17,353.6 12,203.9 Std Error 3,398.42 t-Statistic 5.1 1,220.17 10.0 # of Clients 37.77 5.52 6.8 Adj R = .85 10 pts Based on the regression results and assuming that GFT increases the price per tour to $110, what is the total forecasted operating profit for a future month with 600 clients? Round to the nearest $1.00.