= Homework: Chapter 14 Pricing Decisions Question 8, P14-33 (similar to) Part 1 of 7 HW Score: 9.48%, 1.14 of 12 points Points: 0 of 3 Save Save Life Metal Recycling and Salvage receives the opportunity to salvage scrap metal and other materials from an old industrial site. The current owners of the site will sign over the site to Save Life at no cost. Save Life intends to extract scrap metal at the site for 24 months, and then will clean up the site, return the land to useable condition, and sell it to a developer. Projected costs associated with the project follow: (Click the icon to view the project costs.) Read the requirements. Requirement 1. Assuming that Save Life expects to salvage 30,000 tons of metal from the site, what is the total project life cycle cost? Variable costs: Total Life-Cycle Costs Metal extraction and processing Fixed costs: Metal extraction and processing Rent on temporary buildings Administration Clean-up Land restoration Selling land Total life-cycle cost Data table Months 1-24 Metal extraction and processing Months 1-27 Rent on temporary buildings Months 25-27 Fixed $5,500 per month $4,500 per month Administration $2,000 per month Clean-up $33,000 per month Land restoration $223,500 total Cost of selling land $120,000 total Print Done Variable $50 per ton