Colton Paints makes and sells paint to home improvement stores. Colton's only plant can produce up to 10 million cans of paint per vear. Current annual production is 8 million cans. Fixed manufacturing, selling, and administrative costs total $4.8 million per year. The variable cost of making and selling each can of paint is $6.50. Stockholders expect a 25% annual return on the company's $38 million of assets. Read the requirements. Requirement 1. What is Colton's current total cost of making and selling 8 million cans of paint? What is the current cost per can of paint? Select the formula labels and enter the amounts to calculate Colton's current total cost and current cost per can of paint. (Enter currency amounts in dollars, not in millions. Enter unit values as whole numbers, not in millions. Round all currency amounts to the nearest whole dollar and round the cost per unit to the nearest cent, $X.XX.) Plus: Divided by: Total cost per unit