TOOLS VIEW AOL assignment COBU 20 ECTED VIEW Be careful-files from the internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Edit You are an eager and ambitious young graduate of the Reginal F. Lewis College of Business at Virginia State University with a new Accounting degree and a great life ahead of you. One of your closest friends is an inventor and an entrepreneur who wants to start a business selling a break-through new drywall screw that she has invented and that she believe works much better than the drywall screws currently on the market. She wants to start the business by opening a factory to produce the screws which can then be sold to either wholesalers or retailers who will then sell them to the general public. After searching all over creation for the right sized building in the perfect location to properly meet the needs of her target customers, she found that the ideal building in which to put up her factory was right here in Petersburg all along To begin, she was able to purchase the building she needed outright for $550,000. Useful life of the building is 45 years and it is depreciated on a straight-line basis Estimated salvage value is $100,000. Property taxes on the building each year are $4,000 There is a new machine that another fellow VSU grad has invented that takes the metal for the screws and molds them into their proper size and shape, and takes th plastic for the anchors and molds them into their proper size and shape; an assembly line is attached to the machine where workers put the screws and anchors into boxes. The finished product is a box of 32 drywall screws and their plastic anchors that work unlike any that have come before them. She purchased this machine outright for The machine has a useful life of 20 years with no residual value and is $100,000. depreciated on a straight-line basis. The machine can produce 32,000 boxes of screws and anchors per year. She is sure that she can sell every unit produc ed. It is determined that to produce the 32 screws in each box will require 112 ounces of metal which is the only material used to make the screws and to produce the 32 anchors in each box will take 48 ounces of plastic which is the only material used to make the anchors. The metal you need is produced by multiple suppliers and you've found one so far that will allow you to buy it at $1.25 per pound. The plastic used is