company's \$34 million of assets. Read the requirements. Requirement 1. What is Jackson's current total cost of making and selling 9 million cans of paint? What is the current cost per can of paint? 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.) paint? Given Jackson's current total costs, will the company reach stockholders' profit goals? dollar.) Jackson Paints makes and sells paint to home improvement stores. Jackson's only plant can produce up to 13 million cans of paint per year. Current annual production is 9 million cans. Fixed manufacturing, selling, and administrative costs total $18.9 million per year. The variable cost of making and selling each can of paint is $5.60. Stockholders expect a 20% annual return on the company's $34 million of assets. Read the requirements. Requirements 1. What is Jackson's current total cost of making and selling 9 million cans of paint? What is the current cost per can of paint? 2. Assume that Jackson is a price-taker and that the current wholesale market price is $6.60 per can of paint. What is the target total of cost of producing and selling 9 million cans of paint? Given Jackson's current total costs, will the company reach stockholders' profit goals? 3. Continuing with Requirement 2 , let's say that Jackson has found ways to reduce its total fixed costs by $250,000. What is the target variable cost per can of paint? 4. Suppose Jackson plans to spend an additional $1.5 million on advertising to differentiate its product in order to increase sales volume to 11 million cans and become more of a price-setter. Assume that Jackson did reduce its total fixed costs by $250,000 as stated in Requirement 3 but could not find ways to save on its variable costs. What is the cost-plus price for a can of paint under these conditions? an of paint? r currency amounts in dollars, not in millions. Enter unit values as st cent, \$X.XX.) at is the target total of cost of producing and selling 9 million cans of llars, not in millions. Round all currency amounts to the nearest whole