Question Completion Status: Moving to the next question prevents changes to this answer Question 1 of 5 Question 1 4 points Saved BE4 Florida Agricultural & Mechanical University (FAMU) is planning to begin a new forest management program. The initial start-up cost for computing equipment, facilities, course development, and faculty & staff recruitment and development is $475,000. The college plans to charge tuition of $22,000 per student per year. However, FAMU's administration will charge the college $16,000 per student for the first 100 students enrolled each year for administrative costs and its share of the tuition payments. Use the information in BE 4. FAMU believes it can increase tuition to $ 28,000, but doing so would reduce enrollment to 32. Should the college consider doing this? Yes, Profit = $283,000 No, Loss = -501,000 No, LOSS = -$283,000 Yes, Profit = $741,000 Question 1 of 5 Moving to the next question prevents changes to this answer MacBook Air F FO 10 $ % 9 0