The life-cycle operating income Rejuv wants to earn is Now complete the projected life-cycle income statement to determine at what price Rejuv must sell the land at the end of the project to achieve its target profit per ton. would the company have to reduce its total project life-cycle cost? First, compute Rejuv's mark-up percentage in requirement 2 . Determine the formula, then compute the mark-up percentage. (Round mark-up to the nearest whole percentage.) =Mark-uppercentage=% Finally, how much would Rejuv have to reduce its total project life-cycle cost? Rejuv would have to reduce its total project life-cycle cost by to maintain the same mark-up percentage as in requirement 2 . \begin{tabular}{lllc} & & Fixed & Variable \\ \hline Months 1-24 & Metal extraction and processing & $4,000 per month & $100 per ton \\ Months 1-27 & Rent on temporary buildings & $3,000 per month & - \\ & Administration & $8,000 per month & - \\ Months 25-27 & Clean-up & $26,000 per month & - \\ & Land restoration & $429,000 total & - \\ & Cost of selling land & $100,000 total & - \end{tabular}