Sheldon Industries manufactures plastic bottles for the food industry. i. (Click the icon to view additional information.) More info On average, Sheldon pays $75 per ton for its plastics. Sheldon's waste-disposal company has increased its waste-disposal charge to $56 per ton for solid and inert waste. Sheldon generates a total of 500 tons of waste per month. The company's managers have been evaluating the production processes for areas to cut waste. In the process of making plastic bottles, a certain amount of machine "drool" occurs. Machine drool is the excess plastic that "drips" off the machine between molds. In the past, Sheldon has discarded the machine drool. In an average month, 180 tons of machine drool are generated. Requirements then be 1. What is the annual cost of the machine drool currently? Include both the original plastics cost and the waste-disposal cost. 2. How much would the company save per year (net) if the machine drool were to be sold to the local recycler? 3. How much would the company save per year (net) if the production process were to be reengineered? 4. What do you think the company should do? Explain your rationale