The last time i submitted this question on chegg they had gave me the incorrect answer, please help me. Thank you do much!

(Prepared from a situation suggested by Professor John W. Hardy.) Lone Star Meat Packers is a major processor of beef and other meat products. The company has a large omount of T-bone steak on hand, and it is trying to decide whether to sell the T-bone steaks as they are initlally cut or to process them further into fllet mignon and the New York cut. If the T-bone steaks are sold as initially cut, the company figures that a 1-pound T-bone steak would yleld the following profit: If the company were to further procoss the T-bone steaks, then cutting one side of a T-bone steak provides the filet mignon and cutting the other side provides the New York cut. One 16-ounce T-bone steak cut in this way will yield one 6-ounce filet mignon and one 8-ounce New York cut; the remaining ounces are waste. It costs $0.16 to further process one T-bone steak into the filet mignon and New York cuts. The flet mignon can be sold for $4.00 per pound, and the New York cut can be sold for $3.10 per pound. Required: 1. What is the financial advantage (disadvantage) of further processing one T-bone steak into filet mignon and New York cut steaks? 2. Would you recommend that the T-bone steaks be sold as initially cut or processed further? (2) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What is the financial advantage (disadvantage) of further processing one T-bone steak into filet mignon and New York cut steales? (00 not round Intermediete calculatians. Round your answers to 2 decimal places.)