Sudheer earns $68,000 annually as a software architect in Chennai, India.He has applied for admission to the M.B.A program at York University. If accepted, he will resign and move to Toronto.Sudneer has assembled the following data to make the decision: (13 marks)

Sudheer's annual salary $68,000 Annual tuition and fees 14,000 Annual book and supply expense 3,000 Monthly living expenses in Chennai 800 Monthly living expenses in Toronto 1,600 Monthly auto expenses in Chennai 350 Monthly auto expenses in Toronto 350 Cost of two business suits purchased just prior to resigning 600 Moving expenses 5,500

Required:

Calculate the following in the context of Sudheer's decision:

(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 Sudheer of earning an M.B.A. degree if it will take him 12 months to complete the program?

c). Suppose you are Sudheer. What specific additional information would you need in order to make a rational decision to pursue and successfully complete the MBA program at York? Explain.