Raleigh Chemical has spent $239,000 to refine 71,000 L of acetone, which can be sold for $2.10/L. Alternatively, Raleigh Requirements Chemical can process the acetone further to yield a total of 61,000 L of lacquer thinner that can be sold for $3.604. The 1. Fill in the diagram for Raleigh's decision. additional processing will cost $0.85/L of lacquer thinner. To sell the lacquer thinner, Raleigh Chemical must pay shipping 2. Identify the sunk cost. Is the sunk cost relevant to Raleigh's decision? Why or why not? of $0.25/L and administrative expenses of $0.13/L on the thinner. 3. Should Raleigh sell the acetone or process it into lacquer thinner? Show the expected net revenue difference between the two alternatives. Lacquer thinner sales revenue to the sell-or-process-further decision. Requirement 2. Identify the sunk cost. Is the sunk cost relevant to Raleigh's decision? Why or why not? The s is a sunk cost that between the alternatives of selling as is or processing further. Consequently, this sunk cost is Requirement 3. Should Raleigh sell the acetone or process it into lacquer thinner? Show the expected net revenue difference between the two alternatives. Calculate the expected net revenue difference between the two alternatives. (Leave any unused cells blank.) Raleigh Chemical Sell As Is or Process Further Analysis Process Further Sell As Is Revenue from selling 71,000 L of acetone Revenue from selling 61,000 L of lacquer thinner Additional costs required to convert acetone to lacquer thinner Total net revenue Difference in net revenue Decision: Enter any number in the edit fields and then continue to the next question. MacBook Air