please answer question 1 and 2

(Prepared from a situallon suggested by Frofessar John W. Hardy.) Lone Star Mest Pockers is o major processor of beef and other meat prodacts. The compary has a large amount of T-bone steak on hand, and it is trying to decide whether to sell the T-bane steak as they are initolly cut oe to process them further inta flet mignon and the New roek cut It the T-bone steoles are sold as inklaly eut, the compary figures that a 1-pcund Toone steak would yleid the folowhg proft: W the company were to further process the T-bone steake, then cutling one side of a T-bane steak provides the filet mignon and cuttong the other side provides the New York cut, One lo-ounce T-bane steak cus in this way will yleld one 6 -ounce filet mignon and one B-ounce New York cut; the remaining ounces are weste. It costs $0.20 so further process one T-bone steak into the Hilet mignon and New Work curs. The filet mignon cian be sold for $4.00 per pount, and the New York cut can be sald for $3 ato per pound Required: 1. What is the finsncial actuantage (dladturntage) of further processing che T-bone steak Into flet mignon and New York cut steaks? 2. Would you recommend that the Tbone steaics be sold as intisly cut or processed further? Complete this question by entering your answers in the tabs below. What is the financisi advantspe fdisodvantage) of further procesing coe T-bone stesk into fiet mignan and New York cut steaks? (Do not round inkermedibte cakulations. Round your answers to 2 deomsi places.)