2. Minimizing Cost (50 Points) Data File needed for this exercise: None The facilities manager at Ontario Tech is planning to apply fertilizer to the grass in the quadrangle area in the spring. The grass needs nitrogen, phosphorus, and potash in at least the amounts given in the following table: Three kinds of commercial fertilizer are available, with mineral content and prices per 1,000 pounds as given in the following table. Using Excel Solver, determine how much fertilizer should be purchased to satisfy the requirements at minimum cost. Be sure to select keep the Solver solution and generate an answer report. Excel Solver Task (a) Open a NEW workbook and save it as Fertilizer Cost.xlsx. Insert a Documentation worksheet and add an appropriate title for the workbook in cell A1. In cell B3, enter your name. In cell B4, enter your student number. In cell B5, enter the completion date of your assignment, and in cell B6, enter a sentence to describe the purpose of the workbook. (b) Formulate and enter the above optimization problem using a new worksheet. Note: you can find several examples on Excel Solver on Canvas Module, under Lecture 5. (c) Enter Solver Parameters (Set Objective, To, By Changing Variable Cells and Subject to the Constraints) (d) Solve the problem. Be sure to select Keep the Solver Solution and generate an Answer report. Note: If you get an internal memory error message, remove Solver as an add-in, close the workbook, open the workbook, add Solver in again, and finish using Solver. (e) Using the same worksheet, answer the following questions. i. How much fertilizer should be purchased to satisfy the requirements at a minimum cost? ii. What is the minimum cost? (rounded your answer to the nearest cent)

CAN SOMEONE PLEASE EXPLAIN EACH STEP FOR THIS QUESTION PLEASE AND THANK YOU