A 56,000-lb load of wet corn (like you tested today) is being sold toa grain elevator. The corn price is $5.00 per bushel. The discountfor wet corn is computed as follows:Drying charge is $0.03 per wet bushel per point above 15.5%moisturea. Derive an equation for Cash Value = f(moisture content)b. Compute the cash values of this load (the price the farmer willreceive) using the highest moisture value is 39.2% and the lowestmoisture value of 22.8%
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