You have been working as a manager of a fashion store for several years. During your work you have saved $50,000. You decided to use the money you saved to start your own business. You decided to use the money you saved to buy the materials. You also decided to utilize a store you own to home your business. The store you used for your business could have been rented for $8,000 a year. You hired a clerk to help you in the store who will cost $20,000 per year. Furthermore, if you deposited the $50,000 in a bank, you could have earned $3,000 per year. Moreover, you decided to manage your own business and you decided to quit your job that was paying you $28,000 per year. You pay $8,000 for utility per year. What is your explicit cost