After working for one year with a company, Deepak decided to start up his own venture for which he took loan of Rs. 25 lakhs @12 p.a. Along with this; he invested his own money Rs 50 lakhs, which was earning 10% p.a. in a bank. His other expenses were: employee salary Rs. 30,000 per month, raw material Rs 45,000 per month, other expenses Rs. 5,000 per month. Further he had to pay taxes which were 20% of the economic profit of the first year. The first year revenue was Rs 30 Lakhs. Earlier Deepak was getting a salary of Rs 10 lakhs.Calculate total explicit cost, implicit cost, accounting profit, and economic profit. Is the business profitable for the first year?