Dean James is the manager of a firm that produces an output with a market price of $12 per unit. The firm uses only capital and labor to produce its output. Capital rents at $430 per unit and the wage rate is $108 per worker. The firm is currently producing 120 units of its output and is operating in the short run. To product its current level of output, the firm rents 4 units of capital [machinery and equipment} and employs 8 workers. Dean is considering whether he should change the current production level. Dean knows that the marginal product of capital from the last unit rented is 40, while the marginal product of labor from the last worker hired is 5. Furthermore, Dean knows that if one more worker is hired, output will increase to 124 and if one less worker is hired, output Wlll decrease to 115. [Question 1 of 5) What is the firm's total cost at the current level of output? {report your numerical answer at 4 decrma! pierces)