Assumptions: Earnings: Given these assumptions, the earnings for the hemp farm would be: Monthly Costs: Labor + Water + Fertilizers = $1,500 + $300 + $500 = $2,300 Yearly Costs: (Monthly Costs x 12) + Initial Costs = ($2,300 x 12) + $10,000 = $37,600 Yearly Revenue: Yield x Price = 1,000 pounds x $100…