Partial Budget: (15 Points) A dairy farmer comes to you for some help. He says the average production per cow in his existing herd is 30,000 lbs per year. He says he has enough barn space, forage, and labor for 15 more cows. His neighbor has offered to sell him the cows for $1,200 each. He is estimating the cows will produce 28,000 pounds each. The value of milk is $16.75/cwt. He currently purchases all of his feed. The average cost to feed each cow per day is $6.25. The dairyman kceps accurate cost accounts and his records tell you the following: Housing and equipment costs: $250 per cow Overhead (general farm overhcad, office expense, etc.): $125 per cow Vet, medicine and breeding costs: S125 per cow Labor: $225 per cow per year If he buys the cows he will have to borrow the money at a cost of 390. Given the above information, calculate Break-Even Point and Net Profit per cow. Would you advise the dairyman to buy the cows? What, if any, other information should be considered