Instead of going to university you are considering spending your money to open a diamond mine for $150,000,000. The price per carat is $1,000 and based on your budget your production cost is $600 per carat. The mine contains an estimated has an estimated 1,000,000 million carats and an expected life of 20 years. The annual operating costs of the mine is $10,000,00 per year. What is the annual profit from the mind? How many years before the mine is paid off? How many carats are needed to pay off the mine? What is the breakeven volume?