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3. The College of Business borrowed $20,000 at a cost of 5% to equip the auditorium with digital technologies to enhance learning. The College incurred
3. The College of Business borrowed $20,000 at a cost of 5% to equip the auditorium with digital technologies to enhance learning. The College incurred fixed cost of $900.00. In order to install the digital equipment, they employed two technicians at $400.00 each, two janitors at $100.00 and bought some janitorial material for $50.00 They also employed two computer engineers at a salary of $600.00 and an accountant for $300.00. a. What is the Total Cost the College of Business will incur to embark on this project? (Please separately list all your components for both FIXED AND VARIABLE COST). (Spoints) b. If the College is renting the auditorium for Conference to outside users at $3,000 per use, how many sessions would the College of Business rent out the auditorium to breakeven. (Round up your calculation to the nearest days). (5points)
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