Need help setting up the excel file for the Monte Carlo simulation problem below:

A soon-to-graduate business student is considering starting his own information systems consulting business. In assessing the market, he has categorized potential projects into five groups, with expected frequencies and time durations shown below:

Project Type	Frequency	Time Duration
Minor	30%	0.5 to 3.0 hours
Small	35%	3 to 10 hours
Medium	20%	10 to 25 hours
Large	10%	25 to 35 hours
Major	5%	35 to 50 hours

He estimates that the total number of projects per week, based on surveying similar firms in comparable cities, has the following distribution:

Number of Projects per week	Probability
	Consulting fee $50/hour	$60	$70
0	4%	8%	13%
1	7%	8%	13%
2	10%	11%	17%
3	15%	16%	24%
4	21%	20%	15%
5	15%	16%	8%
6	10%	8%	4%
7	7%	6%	3%
8	5%	4%	2%
9	6%	3%	1%

Monthly expenses are estimated to be $2300, and he would like to have an annual income that compares with his graduating classmates; that is, at least $75,000. Determine the potential profitability of this business if the hourly consulting rates charged are $50, $60, or $70.

Each group studies the profitability problem, use Excel to build a simulation model in order to solve this profitability problem.