3. Consider the revenue and cost in 2016 for Beta Ltd, a Vancouver-based engineering company entirely owned by Mr. Peter Smith. Furniture Sales $645,000 Catalogue sales $12,000 Labour Costs $325,000 Materials Costs $157,000 Advertising Costs $28,000 Debt-Service Costs $32,000 Suppose Mr, Peter Smith has $400,000 of capital invested in Beta Ltd. Also suppose that equally risky enterprises earn a 16% rate of return on capital. What is the opportunity cost for Mr. Smiths capital? What are the economic profits for Beta Ltd. in 2016?