Save Life Metal Recycling and Salvage receives the opportunity to salvage scrap metal and other materials from an old industrial site. The current owners of the site will sign over the site to Save Life at no cost. Save Life intends to extract scrap metal at the site for 24 months, and then will clean up the site, return the land to useable condition, and sell it to a developer. Projected costs associated with the project follow: (Click the icon to view the project costs.) Requirements - X Data Table Ignore the time value of money. 1. Assuming that Save Life expects to salvage 40,000 tons of metal from the site, what is the total project life cycle cost? 2. Suppose Save Life can sell the metal for $190 per ton and wants to earn a profit (before taxes) of $60 per ton. At what price must Save Life sell the land at the end of the project to achieve its target profit per ton? 3. Now suppose Save Life can only sell the metal for $180 per ton and the land at $132,000 less than what you calculated in requirement 2. If Save Life wanted to maintain the same markup percentage on total project life-cycle cost as in requirement 2, by how much would the company have to reduce its total project life-cycle cost? Months 25-27 Clean-up Months 1-24 Months 1-27 Metal extraction and processing Rent on temporary buildings Administration Fixed $5,000 per month $4,000 per month Variable $110 per ton $9,000 per month $27,000 per month Land restoration $938,000 total Cost of selling land $110,000 total Print Done Print Done