newWOrk.Reievant CoSts and DecisionMakina ore: 0 of 1 pt 8-17A (similar to) 2 of 8 (0 complete) Hw Score: 0%, 0 of 8 Question Help Over the past several years, decommissioned U.S. warships have been turned into artificial reefs in the ocean by towing them out to sea and sinking them. The thinking was that sinking the ship would conveniently dispose of it while providing an artificial reef environment for aquatic lifo. In reality, some of the sunken ships ha released toxins r to the ocean and have been costly to decontaminate Now the US gove ment takrg bids to nstead disma te and recycle shps that have recently been decommissioned (but have not been sunk yet.) Assume that a recently decommissioned aircraft carrier, the USS Bonefish, is estimated to contain approximately 40 tons of recyclable materials able to be sold for approximately $35.7 million. The low bid for dismanting and transporting the ship materials to appropriate facilities is $37 2 million. Recycling and dismantling tho ship would create about 500 jobs for about a year in the Rust Bell. This geographic area has been experiencing record-high unemployment rates in recent years. Read the requireme Requirement 1. Is it mone financially advantageous to sink the ship (assume that it costs approximately $0.6 million to tow a ship out to sea and sink R) or to dismantle and recycle t? Show your calculations.(Enber dollar amounts in millions. Enter the net difference with a minus sign or parentheses is the cost to dismantle and recycle is less than the cost to sink.) U.S. Government Financial Decision Cost to dismantle and recyde Bid price Less sonp value Cost to sink Net difterence in favor of (against) sinking Enter any rnumber in the edit fields and then click Check Answer Clear A Check Anawer The operating budgets FS 1O 2