Mary Graham has worked as a real estate agent for Piedmont Properties for 15 years. Her annual income is approximately $200,000 per year. Mary is considering establishing her own real estate agency. She expects to generate revenues during the first year of $4 million. Salaries paid to her employees are expected to total $3.00 million. Operating expenses (e.g., rent, supplies, utility services) are expected to total $500,000. To begin the business, Mary must borrow $600,000 from her bank at an interest rate of 15%. Equipment will cost Mary $100,000. At the end of one year, the value of this equipment will be $60,000, even though the depreciation expense for tax purposes is only $10,000 during the first year. What is the (pre-tax) accounting profit for this venture? $170,000.00 O $370,000.00 $400,000.00 $200,000 What is the (pre-tax) economic profit for this venture? O $200,000 $400,000.00 $170,000.00 O $370,000.00