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Regional Public Theater (RPT), a not-for-profit organization that serves as a performance space for local talent to produce theater experiences, has decided to begin an

Regional Public Theater (RPT), a not-for-profit organization that serves as a performance space for local talent to produce theater experiences, has decided to begin an after-school program for children interested in theater. RPT will operate its program 3 days per week, 40 weeks per year, and it is anticipated that 30 children will attend the program each day. RPT has received $40,000 in donations to begin this new program. RPT will hire two instructors who will each earn wages equal to $250 per week that the program operates. RPT will need to purchase insurance that costs $12,000 annually. Additionally, RPT will purchase equipment specifically for the after-school program that costs $60,000, will have a useful life of 6 years, and will have no salvage value. They will also purchase $10,000 worth of costumes and other supplies, which will be used evenly throughout the year. Snacks will cost $20 per child per week

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