5. Kyler Chemical has spent $245,000 to refine 71,000 gallons of acetone, which can be sold for $2.30 a gallon. Requirements Alternatively, Kyler Chemical can process the acetone further. This processing will yield a total of 61,000 gallons 1. Identify the sunk cost. Is the sunk cost relevant to Kyler's decision? Why or why not? of lacquer thinner that can be sold for $3.50 a gallon. The additional processing will cost $0.75 per gallon of lacquer thinner. To sell the lacquer thinner, Kyler Chemical must pay shipping of $0.21 a gallon and administrative 2. Should Kyler sell the acetone as is or process it into lacquer thinner? Show the expected net revenue difference between the two alternatives. expenses of $0.10 a gallon on the thinner. Requirement 1. Identify the sunk cost. Is the sunk cost relevant to Kyler's decision? Why or why not? The [ ] is a sunk cost that differ between alternatives of selling as is or processing further. Consequently, this sunk cost of to the sell or process further decision. the Difference column if the Sell As Is amount exceeds the Process Further amount.)