Should he commit to making the headboard for his friend, and what qualitative factors should he consider in making a decision? If he does commit to making the headboard, how much should he charge for it?

Headboard for a Friend A good friend of Adam's asked him about making a bespoke headboard for her aunt. She has perused his timber "stack" and picked out the slab that she would like him to use, even though he has not yet committed to making it. She chose one of the largest and more unique pieces of live-edge walnut purchased as a "lot" of 15 slabs that cost $1,200. Adam estimates that it would take 15 to 20 hours to make the headboard with approximately 75% of this spent on sanding it using the tools he currently owns. His sanding time, however, could be reduced considerably if he were to use one of the three options outlined previously. He knows that if he has to do all of the work himself on both projects, it is extremely unlikely he will complete them on time. Moreover, even if he could complete both projects, he does not have any idea how he would price the headboard. \begin{tabular}{lll} Supplies for Headboard & Cost & Projected Amount Required/Usage, etc. \\ \hline Wood: live edge walnut slab & One of a lot of 15 that cost $1.200 & One slab-a larger and more unique piece \\ \hline Conditioning oil: nonfood grade & $17.50 for an 8-ounce Jar & Enough for five headboards \\ \hline Wax: nonfood grade & $17.50 for an 8-ounce jar & Enough for eight headboards \\ \hline Sandpaper for current sanders & $20 dollars for 50 disks & Three different grits required - three disks of each grit \\ \hline Sandpaper for drum sander & $10 per grit & Three different drums required - each is a different grit -each drum is enough for 10 headboards \\ \hline & Gas heating and electricity & Rough estimate - $5 for headboard \\ \hline Utilities & & $0.46 \\ \hline 0ther costs & All costs including gas & Average cost per mile for car \\ \hline \end{tabular}