IRON ORE COST SHEET 1. Please, prepare the cost sheet, based on the following information a) Commodity: Iron Ore b) Quantity: 250,000 MT in bulk c) Exchange rate: US $1.00 = CAD $1.25 d) Cost Ex-Warehouse: USD$60 per MT e) Trucking (freight to dock): USD$10,000,000 1) Wharfage and handling: USD$25 per MT g) Finance charge: 2.5% h) Profit margin: 7% i) Agent's commission: USD$125,000 j) Ocean freight: USD$12.500,000 for total shipment k) Marin insurance: 1% on 110% of the C&F value Please, use the attached cost sheet to make your calculations, show all calculations, Round your final answer to the nearest dollar amount; then, put the final price to the nearest $5 amount. Costs Notes CADS Cost USS Cost Cost [EXW] Ex-Warehouse Trucking (freight to dock) Cost to Dock Wharfage and Handling Cost FAS (beside vessel) Finance Chi Profit Margin Agent's Commission Price FOB Convert to US$ (move to new column) Ocean Freight Price (CFR] C&F Marine Insurance Total [CIF] CIF Round to the nearest US$ Round to the nearest US$5