Graham owns a small business. This year, he paid his employees $38,288. Insurance and licensing expenses cost $11,700. The cost of materials was $26,802. Graham has $161,000 invested in equipment for the business, which could be sold for the same price that he paid for it. If he did not own this equipment, he would have this amount, in savings, which could be earning 10% interest. Graham also received an offer to return to his previous job at a salary of $40,000. Graham sold 25,000 units of his product this year at a price of $20. Step 1 of 2: Calculate Graham's total (economic costs for this year. Enter your answer in the box below, and round to the nearest whole number if necessary Answer Keypad Keyboard Shortcuts