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Robert owns a small business. This year, he paid his employees $42,213. Insurance and licensing expenses cost $19,000. The cost of materials was $29,549. Robert has $190,000 invested in equipment for the business, which could be sold for the same price that he paid for it. If he did not own this equipment, he would have this amount in savings, which could be earning 2 % interest. Robert also received an offer to return to his previous job at a salary of $55,000. Robert sold 15,000 units of his product this year at a price of $24. Step 1 of 2: Calculate Robert's total (economic) costs for this year. Enter your answer in the box below, and round to the nearest whole number if necessary, Robert owns a small business. This year, he paid his employees $42,213, Insurance and licensing expenses cost $19,000. The cost of materials was $29,549. Robert has $190,000 invested in equipment for the business, which could be sold for the same price that he paid for it. If he did not own this equipment he would have this amount in savings, which could be earning 2 % interest. Robert also received an offer to return to his previous job at a salary of $55,000. Robert sold 15,000 units of his product this year at a price of $24. Step 2 of 2: Calculate Robert's economic profit for this year. Enter your answer in the box below, and round to the nearest whole number if necessary

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