$($c$)$ Use the simulation model to compute the profit for each trial of the simulation run $($noting that Strassel's profit is $$0$ if he does not win the bid$).$ With maximization of profit as Strassel's

objective, use simulation to evaluate Strassel's bid alternatives of $$126,000,$$$136,000,$ or $$146,000.$ What is the expected profit $($in dollars$)$ for each bid alternative? $($Use at least $5,000$

trials. Round your answers to the nearest dollar.$)$

expected profit for a bid of $$126,000,$$

expected profit for a bid of $$136,000,$$

expected profit for a bid of $$146,000$

What is the recommended bid?