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Harvey quit his job at state university where he earned 45000

Harvey quit his job at state university where he earned 45000. He figures that his entrepreneurial talent or forgone entrepreneurial income to be 5000. To start his business he cashed in 100,000 in bonds that earned 10% interest annually to buy a software company. In the first year the firm sold 11,000 units of software for $75 for each unit. Of the $75 per unit $55 goes to the cost of production, etc. the implicit cost of Harvey's firm in the first year is: $50,000. $60,000. $100,000. or $150,000. 
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