Computer Programmer $50/hour Architect $10,000 flat fee Attorney $200/hour Bankers 2% of capital raised To expand your business, you hire a banker to raise $1 mm in order to finance a building designed by an architect. You also hire an attorney for 10 hours, and a computer programmer for 8 hours. What is the total cost for these services? A. $34,000 B. $24,400 C. $32,400 D. $37,800

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Computer Programmer $50/hour
Architect $10,000 flat fee
Attorney
$200/hour Bankers 2% of capital raised
To expand your business, you hire a banker to raise
$1 mm in order to finance a building designed by an
architect. You also hire an attorney for 10 hours, and
a computer programmer for 8 hours. What is the
total cost for these services?
A. $34,000
B. $24,400
C. $32,400
D. $37,800
po3- 2022 International Academy of Science. All Rights Reserved.
Transcribed Image Text:Computer Programmer $50/hour Architect $10,000 flat fee Attorney $200/hour Bankers 2% of capital raised To expand your business, you hire a banker to raise $1 mm in order to finance a building designed by an architect. You also hire an attorney for 10 hours, and a computer programmer for 8 hours. What is the total cost for these services? A. $34,000 B. $24,400 C. $32,400 D. $37,800 po3- 2022 International Academy of Science. All Rights Reserved.
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