for One Year Total Revenue $900 000 Total Costs Wages and Salaries $750 000 Risk-free return of 3% on owner's capital of $1 000 000 $28 500 Interest on bank loan $60 000 Cost of supplies $100 000 $20 000 Depreciation of capital equipment $0 Additional wages the owner could have earned in their next best alternative $38 000 Risk premium of 5% on the owner's capital of $ 1 000 000 a) What are the explicit costs for this firm? $ b) What are the implicit costs for this firm? $ c) What are the accounting profits for this firm? $