BC Hydro Corp. has identified the following costs at different activity levels for electricity for their manufacturing plant: Units Produced Electricity Cost 10,000 $1,700,000 15,000 $2,500,000 18,000 $2,880,000 20,000 $3,170,000 25,000 $3,950,000 Management is uncertain on how to predict costs at different activity levels and thus has asked for some assistance. Using the high-low method, determine the fixed component of the electricity cost