Operating Inputs............. Units........... Price............ Quantity........... ...Value Soybean seed Lbs. 0.250 45.00 $11.25 Nitrogen (N). .Lbs.. 0.250. 15.00 3.75 Phosphate (P2O5) Lbs. 0.110 40.00 4.40 Potash (K20) Lbs.. 0.080. 40.00. .3.20 Pre-emergence Herbicide. Acre 14.020 1.00 14.02 Post-emergence Herbicide....Acre.. 4.690. 1.00 4.69 Rent fertilizer Spreader Acre 2.350 1.00 2.35 Annual operating capital..... Dollar. 0.107. 23.34 2.49 Machinery labor Hour 6.000 2.03 12.16 Mach. fuel, lube, repair Dollar. Total operating costs 18.50 ******** $76.81 Fixed costs Machinery: Interest at 10.675%. Depreciation. taxes, insurance. Total fixed costs... Production Soybeans Total receipts Amount... $184.00 Value $19.64 24.21 .$ 43.85 Units Bushel Price.. $5.90 Quantity Value 34.00 $200.60 $200.60 $79.94 Returns above total operating costs. Returns above all specified costs What is the total specified fertilization cost per acre including the spreader rental? (ignore cost of labor and capital) $3.75 $7.60 $11.35 $13.70