1-10 Sam decides to buy a cattle ranch and leave the big city rat race. He locates an attractive 500-acre spread in Montana for $1,000 per acre that includes a house, a barn, and other improvements. Sam's studies indicate that he can run 200 cow-calf pairs and be able to market 180 500-pound calves per year. Sam, being rather thorough in his investigation, determines that he will need to purchase an additional $95,000 worth of machinery. He expects that supplemental feeds, medications and veterinary bills will be about $50 per cow per year. Property taxes are $4000 per year, and machinery upkeep and repairs are expected to run $3,000 per year. If interest is 10% and Sam would like a net salary of $10,000 per year, how much will he have to get for each 500-pound calf