Pharoah Inc. is a contracting business that creates one-of-a-kind murals for each individual client. It has been asked by a potential client to prepare an estimate for the creation of a floral mural for the client's office waiting room. Kenneth, the main artist for Pharoah, would like the company to consider updating its billing methods from a flat rate of $370.00 per painting hour to an Activity-Based Costing (ABC) method that would include a markup of 30%. After visiting the client's proposed site, Kenneth has put together the following estimate for the floral mural: Activity Design Wall Prep Painting Cost Driver Art design hours Square footage Artist painting hours Rate $150 /hour $3.30 /square foot $272 /hour Estimated Use for Job 3 hours 216 88 square feet hours What is the difference in profit for Pharoah between the flat rate and the new ABC method proposed by Kenneth