can you please help me with this problem ?

(Prepared from a situation suggested by Professor John W. Hardy.) Lone Star Meat Packers is a major processor of beef and other meat products. The company has a large amount of Thone steak on hand, and it is trying to decide whether to sell the T-bone steaks as they are initially cut or to process them further into filet mignon and the New York cut. If the T-bone steaks are sold as initially cut, the company figures that a 1-pound T-bone steak would yield the following profit: If the company were to further process the Tbone steaks, then cutting one side of a Tbone steak provides the filet mignon and cutting the other side provides the New York cut. One 16 -ounce T-bone steak cut in this way will yleld one 6 -ounce filet mignon and one 8 ounce New York cut; the remaining ounces are waste. It costs $0.13 to further process one T-bone steak into the filet mignon and New Yotk cuts. The filet mignon can be sold for $4.00 per pound, and the New York cut can be sold for $3.00 per pound: Required: 1. What is the financial advantage (disadvantage) of further processing one T-bone steak into filet mignon and New York cut steaks? 2 Would you recommend that the T-bone steaks be sold as initially cut or processed further? What is the financial advantage (dlsadvantage) of further processing one T-bone steak into filet mignon and New York cut steaks? (Do not round intermediate calculations. Round your answers to 2 decimal places.)