(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 pr o range from 0 to approximately 20,000 units, with 4,000 units the most likely (a) Develop a what-if sprea and best-case scenarios. If your answer is negative, use minus sign. Best-case profit Worst-case profit Base-case profit b) Model the variable cost as a uniform random variable with a robability that the project will result in a loss. Round your answers to the nearest whole number. Average Profit Probability of a Loss () The average profit is |- Select your answer - | and the probability of a loss is |- Select your answer - v |than 20%. Thus, Madeira Computing |- Select your answer - | want to launch the product if they have low risk tolerance