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.) =% 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 . 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.) \begin{tabular}{|lllc|} \hline & & 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 & - \\ \hline \end{tabular} Requirement 1. Assuming that Rejuv expects to salvage 60,000 tons of metal from the site, what is the total project life cycle cost? Total Life-Cycle Costs 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