A partial budget spreadsheet to calculate whether the net benefit of buying heifers for beef cow replacement. List each of the added returns and reduced costs that make buying more attractive and each of the reduced returns and added costs that make buving less attractive. Consider costs and returns on a per-head (per-replacement-heifer) basis over the period of time from when the producer decides to hold back or sell a heifer calf and when the purchased heifer will arrive at the ranch. Your uncle has given the you the following information based on his current operation: o Heifer calves may be sold when they are 500 lbs at 6 months of age for $1.45 per lb He earns 3% interest per year on any cash on hand They arrive at the ranch when they 22 months of age months from weaning until potential purchased heifers would join the herd include: Purchased replacement heifers cost $1800 per head plus S50 in transportation costs. Variable, per head, costs incurred by raising replacement heifers over the sixteen Feeding costs of $475 Veterinary costs of $45 Fuel and equipment costs of $12. Marketing and transportation costs of $10. Labor costs of $145. Fixed costs related to raising replacement heifers allocated on a per head basis include Machinery, housing, and fencing costs of $75. Interest and insurance costs of $108 Bull depreciation and replacement costs of $50