2. Rajeef Company is in the process of evaluating a new part using the following information. a. Part SLC2002 has one production run each month, each with $16,000 in setup costs. c. Direct costs of producing Part SLC2002 are $56,000 and is expected to be produced over the next three years. d. Indirect manufacturing costs charged to each run are $88,000 of 24,000 parts each. f. Part SLC2002 is ser for ruch average $18,000. domestic and two-thirds exported. $12.50 in the United States and $25 in all other countries. Sales are one-third g. Sales units equal production units each year. Required (i) What are the estimated life-cycle revenues? (3 points) (ii) What is the estimated life-cycle operating income for the first year? (4 points) iii) Explain two benefits of using a product life-cycle budgeting and costing for Rajeef Company. (3 points)