Charles has decided to open a lawnmowing company. To do so. he purchases mowing equipment for $1000. Iouys gasoline [$2.20 in gas is required to mow each yard}. and pays a helper 525.00 per yard. Prior to opening the lawn company. Chades eamed $4.000 as a lifeguard at the neighborhood swimming pool. Assume the money he used to purchase the mowing equipment could otherwise haye earned 5 percent per year in the Ioank and that the mowing equipment depreciates at 25 percent per year. Charles plans to mow 250 yards per year. What is Charles's implicit cost of production? Charles's implicit cost of production is $|:| per year. (Eater your response as an integer.)