The following table specifies the expansion expenses for a business: \[ \begin{array}{l}\text { Expansion Expenses } \\ \text { Product Growth: } \\ \text { Focus Groups: } 50 \text { people @ } \$ 195 \text { per person } \\ \text { Inventory Expenses: } 30 \% \text { on } \$ 230,000 \text { value } \\ \text { New Equipment: } \$ 215,000 \\ \text { Building Growth: } \\ \text { Architect Cost: } \$ 15,500 \\ \text { Attorneys: } \$ 60,000 \\ \text { Bankers: } \$ 115,000\end{array} \] Calculate the total costs of expansion. Costs \( =\$[?] \)

To calculate the total expansion costs, let's break down each expense category and sum them up. ### **Product Growth:** 1. **Focus Groups:** - **Number of People:** 50 - **Cost per Person:** \$195 - **Total Cost:** \(50 \times \$195 = \$9,750\) 2. **Inventory Expenses:** - **Percentage:** 30% - **Value:** \$230,000 - **Total Cost:** \(0.30 \times \$230,000 = \$69,000\) 3. **New Equipment:** - **Total Cost:** \$215,000 ### **Building Growth:** 4. **Architect Cost:** - **Total Cost:** \$15,500 5. **Attorneys:** - **Total Cost:** \$60,000 6. **Bankers:** - **Total Cost:** \$115,000 ### **Total Expansion Costs:** \[ \begin{align*} \text{Focus Groups} & : \$9,750 \\ \text{Inventory Expenses} & : \$69,000 \\ \text{New Equipment} & : \$215,000 \\ \text{Architect Cost} & : \$15,500 \\ \text{Attorneys} & : \$60,000 \\ \text{Bankers} & : \$115,000 \\ \hline \text{Total Costs} & : \$484,250 \\ \end{align*} \] **Costs \( = \$484,250 \)**