Nimesh has been working full-time as store manager in Kemptville, Ontario. He has applied for admission to the Masters - Engineering at Carleton University.If accepted, he will resign from his job and move to Ottawa, Ontario. Nimesh has assembled the following data to make the decision:Nimesh's annual salary as a store manager$45,800University tuition and fees$22,800University books and supplies expense$3,000Monthly living expense in Kemptville$800Monthly living expense in Ottawa$1,600Monthly auto expenses in Kemptville$350Monthly auto expenses in Ottawa$350Cost of new clothes purchased just prior to resigning$575Moving expenses$3,500Number of months to complete the Masters program18Required:a) Calculate the following in the context of Nimesh's decision of earning an Masters degree if it will take him 18 months to complete the program:(i) Total sunk costs (if any)(ii) Total differential or incremental costs (if any)(iii) Total opportunity costs (if any)b) What is your best estimate of the total cost to Nimesh of earning an Masters degree if it will take him 18 months to complete the program?c) Suppose you are Nimesh. What two specific additional pieces of information would you need in order to make a rational decision to pursue and successfully complete the Master's program at Carleton? Explain.