Question: ( All answers were generated using 1 , 0 0 0 trials and native Excel functionality. ) The management of Madeira Computing is considering the

(All answers were generated using 1,000 trials and native Excel functionality.)
The management of Madeira Computing is considering the introduction of a wearable electronic device with the functionality of a laptop computer and phone. The fixed cost to launch this new product is $300,000, The variable cost for the product is expected to be between $160 and $240, with a most likel value of $200 per unit. The product will sell for $300 per unit. Demand for the product is expected to range from 0 to approximately 20,000 units, with 4,000 units the most likely.
(a) Develop a what-if spreadsheet model computing profit for this product in the base-case, worst-case, and best-case scenarios. If your answer is negative, use minus sign.
\table[[Best-case profit,$
 (All answers were generated using 1,000 trials and native Excel functionality.)

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