Ans with brief explanation

Q: 3 Mr. Shoaib currently works for a Project Management consultancy firm and earning annual salary of Rs. 325,000. Currently he is doing Master of Sciences in Project Management and considering opening his own consultancy firm, where he expected to earn Rs. 500,000 per year once he gets established. To run this firm he would need an office building and a clerk to handle all the documentation. He has found the office on rent of Rs. 350,000 per year. A clerk could be hired for Rs. 175,000 per year. If these amounts are accurate, would Shoaib's consultancy firm be profitable