What assumptions go into preparing a budget for a New York Fashion Week show? In a recent news article in Business Insider, estimates of the various costs associated with putting on a show during New York Fashion Week were listed. These cost estimates are listed below:

Rent $0 to $100,000

Hair and makeup: $0 to $100,000

Stylist: $5,000 to $20,000

Public relations: $10,000 to $20,000

Models: $0 to $200,000

Lighting: $10,000 and higher

Invitations: $5,000 and higher

1. Prepare a budget for an imaginary fashion show at New York Fashion Week. Select an estimate for each cost within the range given. Justify each estimate by describing the assumptions you are making about your imaginary fashion show. If needed, refer to the original article in Business Insider (http://www.businessinsider.com/how-much-do-fashion-shows-cost-2013-9) for additional information about the costs.

2. How much is your imaginary show budgeted to cost?