Cooper Ltd. would like to share the services of a consultant with another company, Hofstadter Inc. The consultant will work a total of 1,000 hours for both companies: 700 for Cooper and 300 hours for Hofstadter Inc. The total cost of the contract will be $368,000. If Cooper were to contract directly with the consultant for 700 hours, the cost would have been $350,000. If Hofstadter were to contract directly with the consultant, the contract would have cost them $ 150,000. How should the companies divide up the cost of the consultant? Explain your answer.