Refer to details about Mountain Run from Short Exercise S25-2. Assume that Mountain Run's reputation has diminished and other resorts in the vicinity are charging only $80 per lift ticket. Mountain Run has become a price-taker and will not be able to charge more than its competitors. At the market price, Mountain Run managers believe they will still serve 680,000 skiers and snowboarders each season. 1. If Mountain Run cannot reduce its costs, what profit will it earn? State your answer in dollars and as a percent of assets. Will investors be happy with the profit level? 2. Assume Mountain Run has found ways to cut its fixed costs to $36, 320,000. What is its new target variable cost per skier/snowboarder? Refer to details about Mountain Run from Short Exercise S25-2. Assume that Mountain Run's reputation has diminished and other resorts in the vicinity are charging only $80 per lift ticket. Mountain Run has become a price-taker and will not be able to charge more than its competitors. At the market price, Mountain Run managers believe they will still serve 680,000 skiers and snowboarders each season. 1. If Mountain Run cannot reduce its costs, what profit will it earn? State your answer in dollars and as a percent of assets. Will investors be happy with the profit level? 2. Assume Mountain Run has found ways to cut its fixed costs to $36, 320,000. What is its new target variable cost per skier/snowboarder