Edgestate University current enrollment is 4200 students, and tuition is $6000 per year. The controller has estimated the following schedule of costs to educate students:

Number of Students Total Costs

4100 30,300,000

4200 30,600,000

4300 30,900,000

4400 31,200,000

Midstate university is almost identical to Edgestate in number of students, tuition, and operations, except their fixed costs are double the fixed costs of Edgestate. A Midstate Alum donated a giant Mascot to Midstate, and the depreciation on the Mascot is sixty percent (60%) of their annual fixed costs. Which university is doing a better job managing their operations and their cashflow?