(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 $128 and $192, with a most likely value of $160 per unit. The product will sell for $240 per unit. Demand for the product is expected to range from 0 to approximately 20,000 units, with 4,000 units the most likely. The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Generate trials on a new worksheet. Download spreadsheet madeira-c591cb.xisx 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. Best-case profit 1,940,000 Worst-case profit -300,000 Base-case profit b. Model the variable cost as a uniform random variable with a minimum of $128 and a maximum of $192. Model the product demand as 1,000 times the value of a gamma random variable with an alpha parameter of 3 and a beta parameter of 2, Construct a simulation model to estimate the average profit and the probability that the project will result in a loss. Round your answers to the nearest whole number. Average Profit Probability of a Loss c. What is your recommendation regarding whether to launch the product? The average profit is fairly high V ()and the probability of a loss is greater () than 10%. Thus, Madeira Computing may not () want to launch the product if they have low risk tolerance