Suppose Mike contacts you at Aeon Insights because he wants to open a second poutine delivery service in another Chinese metropolitan city. He plans to work overtime managing his two locations. If he were to do this much work for his dad in Montreal, he would have earned another $10,000 in overtime pay per year. He considers this second project rather risky because he is less familiar with this second city. You think a discount rate r=0.1 is appropriate. The one-time license fee for this second location is $8,000 and he plans to run this second location for five years. Mike has to travel to this new location a few times to search for the best location for his store and the best ingredient suppliers for his poutine. His total travel expense is $4,000. This city currently does not have any poutine delivery service but Mike will not be able to restrict the entry of other firms shoulctithey choose to do so after the first year. His fixed cost is $24,000 for each of these five years unless Mikes tries a different strategy to generate additional demand, such as paying for advertising. He plans to run this second shop for 365 days each year. Keep all final numerical answers to four decimal places, if applicable. You estimated the daily cost data below: The total cost equation that captures the above data is TC=24,000/365+2Q0.001Q2+0.0008Q3 The total cost equation that captures the above data is TC=24,000/365+2Q0.001Q2+0.0008Q3 1. What is Mike's start-up cost, after discounting? a. $36,868,5199 b. $48,816.9586 C. $49,907.8677 d. $53,001.9744