Oregon Ores has a project to extract rutilated quartz from a mining site. The geologist at Oregon Ores has estimated that the company can extract ore for 24 months after which the company, being environmentally conscious, will clean up the site, restore the property to a park-like condition, and sell it to a developer. Projected costs are as follows: Period (in months) 1-24 months 1-27 months Variable Cost SB0 ton Activity Extraction & Processing Rent on Equipment Administrative Clean-up Restoration Cost to Sell Property Fixed Cost $2.000 month $1,000 month $6.000 month $20.000 month $23,000 total $80,000 total 25-27 months Required (Show calculations to justify your answers!): (1) Assuming that Oregon Ores expects to mine 70,000 tons of rutilated quartz from the site, what is the total project life-cycle cost? (2) Suppose Oregon Ores can sell the quartz for $110 per ton, and wants to eam a pre-tax income of $30 per ton. At what price must Oregon Ores sell the property at the end of the project in order to meet its target profit per ton? (3) Assume Oregon Ores can only sell the quartz for $100 and the property for $110,000 LESS than the sales price calculated in Requirement #2, due to market conditions. If top management at Oregon Ores insisted on the same markup percentage on total project life-cycle costs as in Requirement #2, by how much would it have to reduce its total project life-cycle cost