Crops & feed revenue	$ 255,200
Livestock and livestock product revenue	305,000
Total nonfarm income	21,000
Total farm operating expenses	441,500
Depreciation expense	56,400
Income tax expense	10,730
Interest expense	88,976
Withdrawals for family living	30,500
Principal payments on unpaid operating debts	500
Principal payments on current portions of debt & leases	30,800

a. (2.5pts) Calculate capital replacement and term debt repayment capacity for Tiger-Farms.

b. (2.5pts) Calculate capital replacement and term debt repayment margin (CRDRM) for Tiger-Farms.

c. (5pts) Calculate the percentage that crop & feed revenue and livestock/livestock product revenue can decline and maintain a positive (non-negative) CRDRM.