Cadar Food Products produces a wide variety of food and related products. The company's tomato-canning con relies partly on tomatoes grown on Cedar's own farma and party on tomatoes bought from other growers. Cedars tomato farm is on the edge of Sharpestown, a fast-growing, medium-sized city it produces 5 milion pounds of tomatoes a year and employs 51 persone. The annual costs of tomatoes grown on this farm are as foliow Click the icon to view the data) Find production costs include depreciation on machinery and equipment but not on land because land should not be depreciated. Cedar owns the land, which was purchased for $600,000 many years ago A recent placed the value of the land at $20 on beet as a prime se for an industrial park and shopping cen Cedar could purchase all the tomatoes needs on the market for $0.25 per pound delivered to clory this, it would sel the famland and shut down the operations in Sharpestown if the tam were sold. $336,000 of the food costs would be saved Cedar can invel exos cash and eam an annual rate of 10% Read the quements Requirement 1. How much does it cost Cedar ansualy for the land used by the tomato m costs Cesar annually for the land used by the tomato farm This is the Data table Venable production casts $ 400 000 22 Faad production Co Shopping cms a variable) Totalcod Print Done 05.000 230,000 1.705.000 cost for the land Requirements 1. How much does to Cadar annualy for the land used by the tomato 2. How much would Cedar save annually if e closed the tomato fam? Is the more or less than would be paid to purchase the tomatoes on the market 3. What ethical issues are involved with the decision to shut down the Print Done Clear all Check ar