Like New Metal Recycling and Salvage receives the opportunity to salvage scrap metal and other materials from an old Industrial site. The current owners of the sila will sign over these 16 Lk NW AS LAB NOW PRODU metal at the site for 24 months, and then will clean up the site, return the land to useable condition, and sell it to a developer, Projected costs associated with the project follow (Click the loon to view the project costs.) Read the requirements Requirement 1. Assuming the Like New expects to salvage 30,000 tons of metal from the site, what is the total project life cycle cost? Total Life-Cycle Costs Metal extraction and processing Fixed co Metal extraction and processing Rant on temporary buildings Administration Clean-up Land restoration Deng Requirement 2. Suppose Like New can sell the metal for $150 per ton and wants to sam a proft (before taxes) of $20 per ton. At what price must Like New set the land at the end of the project to achieve its target prift per to The fe cycle operating incoms Like New was team is Now complete the projected ife-cycle income statement to determine at wha Projected Life Cycle Income Statement Revenue So Tutal the cycle co U-cyle sperating income 1 of the project to achieve the target proft person Requirement 3 Now suppose La New can only sell the metal for $140 per ton and the land at $79,500 less than what you calculated in regement 2 La New warded to maintain the same map percentage on project cyc as in requirement 2, by how much would the company have to reduce sa prosect e-cycle cost? Read the requirements Selling land Total life-cycle cost Requirement 2. Suppose Like New can sell the metal for $150 per ton and wants to eam a profit (before taxes) of $20 The life-cycle operating Income Like New wants to sam is Now complete the projected life-cycle income statement to determine at what price Like New must sel the land at the e Projected Life Cycle Income Statement Revenue Sale of land Total life-cycle cost Life-cycle operating income rton At what price must Like New sell the land at the end of the project to achieve its target profit per ton? project to achieve to target profit per ton Requirement 3. Now suppose Like New can only sell the metal for $140 per ton and the land at $70,500 less than what you calculated in requirement 2. If Like New wanted to maintain the same markup percentage on total projecte-cycle coel as in requirement 2, by how much would the company have to reduce its total project life-cycle cost? First, compute Like New's mark-up percentage in requirement 2. Determine the formula, then compute the mark-up percentage (Round mark to the nearest whole percentage) Mark-up percentage Next, compute what Like New's new cost will have to be. Determine the formula, then compute the revised total life-cycle cost. (Enter any ratios up to two decimals, XXXX Mound the new on to the nearest dur) New total fe-cycle cost Finally, how much would Like New have to reduce its total project life-cycle cost? Like New would have to reduce its total project cycle colby to maintain the saniem-up percentage Fixed Months 1-24 Metal extraction and processing $6,000 per month Months 1-27 Rent on temporary buildings $5,000 per month Administration $4,000 per month Months 25-27 Clean-up $28,000 per month Land restoration $439,000 total Cost of selling land $90,000 total . Variable $100 per ton