Question 4 (1 point) Rick is thinking about quitting his current job, which pays a salary of $56,000 per year, to own and operate his own business. If he starts the business, he expects to spend $250,000 to purchase physical capital. This amount of money would come from two sources: $120,000 from a bank loan at an interest rate of 8% per year and $130,000 from Rick's savings, which are currently invested in stocks that are equally risky as his intended business and earning 14% per year. The physical capital is expected to have useful life of 10 years and a scrap value of $23,000. Rick expects to spend $150,000 per year on assistants and to pay himself a salary of $24,000 per year while operating his business. His business is expected to earn total revenues of $280,000. After learning that Rick might quit, his employer offers him a salary of $65,000 per year to convince him to stay at his current job. The expected annual implicit cost of Rick's intended business is $ AJ