Relevant costing PART 2 Nimesh has been working full-time as store manager in Kemptville, Ontario. He has applied for admission to the Masters - Engineering at Carleton University If accepted, he will resign from his job and move to Ottawa, Ontario. Nimesh has assembled the following data to make the decision: $ $ Nimesh's annual salary as a store manager University tuition and fees University books and supplies expense Monthly living expense in Kemptville Monthly living expense in Ottawa Monthly auto expenses in Kemptville Monthly auto expenses in Ottawa Cost of new clothes purchased just prior to resigning Moving expenses $ $ $ $ $ $ $ 53,700 30,700 3,000 800 1,600 350 350 970 3,500 Number of months to complete the Masters program Number of months in one year 18 12 Required: a) Calculate the following in the context of Nimesh's decision of earning an Masters degree if it will take him 18 months to complete the program: (i) Total sunk costs (if any) (ii) Total differential or incremental costs (if any) (iii) Total opportunity costs (if any) b) What is your best estimate of the total cost to Nimesh of earning an Masters degree if it will take him 18 months to complete the program? c) Suppose you are Nimesh. What two specific additional information would you need in order to make a rational decision to pursue and successfully complete the Masters program at Carleton? Explain