Jacob, an engineer turns down a job offer at RM30,000 per year to start his own business. He will invest RMS0,000 of his own money in a bank account earning an interest of 10% per year. He also plans to use a building he owns that has been rented for RM1,500 per month. He estimated his total revenue for the year would be RM100,000 and the annual expenses would be as follows: Answer the following questions based on the information given. i) Calculate the expected annual explicit cost and implicit cost. (3 marks) ii) Calculate the expected accounting profit and advice Jacob before he begins his own business