You are starting your own Internet business.You decide to form a company that wi

You are starting your own Internet business.You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate thatthe annual cost of this business will be as follows:Technology (Web design and maintenance)$5000Postage and handling$1000Miscellaneous$3000Inventory of cookbooks$2000Equipment$4000Overhead$1000Part IDeliverable Length:1 graph pluscalculationsYou mustgive up your full-time job which paid $50000 per year and you worked part-time for half of the year.The average retail price of the cookbooks will be $30 and their average cost will be $20.Assume that the equation for demand isQ = 40000 500P whereQ = the number of cookbooks sold per monthP = the retail price of books.Address the following questions:Please submit your assignment.