Suppose a farmer in georgia begins to grow peaches. he uses $1,000,000 in savings to purchase land, he rents equipment for $100 comma 000100,000 a year, and he pays workers $120 comma 000120,000 in wages. in return, he produces 150 comma 000150,000 baskets of peaches per year, which sell for $3.003.00 each. suppose the interest rate on savings is 55 percent and that the farmer could otherwise have earned $40 comma 00040,000 as a shoe salesman. what is the farmer's economic profit? the peach farmer earns economic profit of $