Vision Chemical has spent $246,000 to refine 79,000L of acetone, which can be sold for $2.40/ L. Alternatively, Vision Chemical can process the acetone further to yield a total of 62,000L of lacquer thinner that can be sold for $3.00/L. The additional processing will cost $0.45/L of lacquer thinner. To sell the lacquer thinner, Vision Chemical must pay shipping of $0.24/L and administrative expenses of $0.11/L on the thinner. Requirements 1. Fill in the diagram for Vision's decision. 2. Identify the sunk cost. Is the sunk cost relevant to Vision's decision? Why or why not? 3. Should Vision sell the acetone or process it into lacquer thinner? Show the expected net revenue difference between the two alternatives