2. A process has been developed for a new product for which the market is uncertain. A plant to produce 50,000 ton/year requires an investment of $10,000,000 and the expected project life is five years. Fixed operating costs are expected to be 750,000 $/year and variable operating costs (excluding raw materials) are expected to be 40 $/ton product. The stoichiometric raw material costs are 80 $/ton product. The yield of product per ton of raw material is 80%. Tax is paid in the same year as there levant profit is made at a rate of 20 %. 2.1 Calculate the selling price of the product to give a minimum acceptable discounted cash flow rate of return of 15% year. (pts 1.75) 22 Calculate the selling price of the product with CAPCOST, assuming the same equipment of the exercise 1. Assume that the FCI depends in the Grass Roots Cost, and there is not cost in waste treatment and operating labor. Note: the maximum value accepted for the discounted cash flow rate of return I 17%. (pts 1.75)