Crops & feed revenue	$ 245,400
Livestock and livestock product revenue	315,000
Total nonfarm income	11,000
Total farm operating expenses	440,700
Depreciation expense	55,500
Income tax expense	10,730
Interest expense	85,962
Withdrawals for family living	30,000
Principal payments on unpaid operating debts	0
Principal payments on current portions of debt & leases	30,800

a) (5pts) Calculate capital replacement and term debt repayment capacity for Tiger-Farms.

b) (5pts) Calculate capital replacement and term debt repayment margin (CRDRM) for Tiger-Farms.

c) (5pts) Estimate the percent that crop revenue and livestock revenue can decline and still maintain positive CRDRM.

d) (5pts) Estimate the percent operating expenses and interest expenses can increase and still maintain positive CRDRM.