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How to solve this question please (all requirements) Post Chemical has spent $244,000 to refine 79,000 L of acetone, which can be sold for $2.80/L.

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Post Chemical has spent $244,000 to refine 79,000 L of acetone, which can be sold for $2.80/L. Alternatively, Post Chemical can process the acetone further to yield a total of 60,000 L of lacquer thinner that can be sold for $3.50/L. The additional processing will cost $0.65/L of lacquer thinner. To sell the lacquer thinner, Post Chemical must pay shipping of $0.20/L and administrative expenses of $0.12/L on the thinner. Requirement 1. Fill in the diagram for Post's decision. Sell As Is $ Acetone sales revenue $ Sunk cost of producing 79,000 L of acetone $ Process Cost of further processing Further $ Lacquer thinner sales revenue Requirements 1. Fill in the diagram for Post's decision. 2. Identify the sunk cost. Is the sunk cost relevant to Post's decision? Why or why not? 3. Should Post sell the acetone or process it into lacquer thinner? Show the expected net revenue difference between the two alternatives

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