Veronica Anteater, Esq., in-house legal counsel for the Anteater Global Imports, Inc., an importer of airplanes and airplane parts, quit her $475,000 per year job in December 2010 to start her own business. She now owns and operates a consulting firm,Veronica Consulting Group, LLC., located in the central business district of Anteater City. Her consulting firm is located in a building which she inherited from her great-grandfather, the legendary screen actor and director of science fiction movies,Sir Edward Malgary Anteater.Part of her inheritance, $5,550,250, was used to purchase equipment and other capital structures for her consulting business. Before she inherited the building, it had been rented to Anteater Entertainment Company for $275,000 per month. Last year (2019),Veronica Consulting Group, LLChad total revenues of $45,250,000; supplies and employees received $6,500,000. Total depreciation expenditures for 2019 were $1,880,000. Advertising expenditures were $3,500,000. Assume a market interest rate of 6.25% (0.0625). Determine the following:

1. Implicit costs
2. Explicit costs
3. Total costs
4. Did the consulting firm earn an economic profit (_e), where _e= TR - TC?