PLEASE ANSWER PART C & Dc. Janet and Gilbert hear through the grapevine that their most fierce competitor, Soft Sales, is also planning to go public. They fear that if InterCat does not complete its initial public offering before Soft Sales, the price investors are willing to pay for InterCat stock will drop since investors will perceive Soft Sales to be a stronger, more organized company. Janet and Gilbert therefore decide that they want to complete the process of issuing new stock within 22 weeks. They think such a goal is possible if they throw more resources-workers and money-into some activities. They list the activities that can be shortened, the time the activity will take when it is fully shortened, and the cost of shortening the activity this much. They also conclude that partially shortening each activity listed below is possible and will give a time reduction and cost proportional to the amounts when fully shortened.\table[[Activity,Time (Weeka),Cost],[Evaluate the prestige of each potential underniter,1.5,$14,000],[Select a synd cate of underwriters.,0.5,8,000],[Prepare the registration statemert, including th,4,95,000],[proposed financing and information about the,,],[future.,4,60,000],[Make presentations to institutional investors and develop the interest of potertial buyers.,2,22,000],[,3.5,31,000],[Galculate the sisure price,0.5,9,000],[to the SEC,,],[Confem that the new issue comples with the,0.5,8,300],[Appont a regstrat,7.5,12,000],[Appoint a transfer agent.,1.5,21,000],[ssue fral prospectus that inclodes the final offer,2,99,000],[\table[[price and any amendmenta to al purchesea offered securites through the ma?],[Fhone interestuc buyers]],,],[,1.5,20,000]]How can InterCat meet the new deadline set by Janet and Gilbert at minimum cost?How can InterCat meet the new deadline set by Janet and Gilbert at minimum Cost?d. Janet and Gilbert learn that the investment Jankers are two-timing scoundrels! They are also serving as lead underwriters for the Soft Sales new issue! To keep the deal with InterCat, the bankers agree to let Janet and Gilbert in on a little secret. Soft Sales has been forced to delay its public issue because the company's records are disorganized and incomplete. Given this new information, Janet and Gilbert decide that they can be more lenient on the initial public offering timefiame. They want to complete the process of issuing new stock within 24 weeks instead of 22 weeks. Assume that the cost and time to complete the appointment of the registrar and transfer agent are the same as in part c. How can InterCat meet this new deadline set by Janet and Gilbert at minimum cost?How can InterCat meet the new deadline set by Janet and Gilbert at minimum cost?d. Janet and Gilbert learn that the investment Jankers are two-timing scoundrels! They are also serving as lead underwriters for the Soft Sales new issue! To keep the deal with InterCat, the bankers agree to let Janet and Gilbert in on a little secret. Soft Sales has been forced to delay its public issue because the company's records are disorganized and incomplete. Given this new information, Janet and Gilbert decide that they can be more lenient on the initial public offering timefiame. They want to complete the process of issuing new stock within 24 weeks instead of 22 weeks. Assume that the cost and time to complete the appointment of the registrar and transfer agent are the same as in part c. How can InterCat meet this new deadline set by Janet and Gilbert at minimum cost?Case 16-1 Steps to SuccessJanet Richards fixes her eyes on those of her partner Gilbert Baker and says firmly, "Alright. Let's do it."And with those words, InterCat, a firm founded by Janet and Gilbert that specializes in the design and maintenance of Internet catalogues for small consumer businesses, will be going public. InterCat employs 30 individuals, with the majority of them computer programmers. Many of the employees have followed the high-technology market very closely and have decided that since high-technology firms are more understood and valued in the United States than in other countries, InterCat should issue its stock only in the United States. Five million shares of InterCat stock will comprise this new issue.The task the company has ahead of itself is certainly duuting. Janet and Gilbert know that many steps have to be completed in the process of making an initial public offering. They also know that they seed to complete the process within 28 weeks because they seed the new capital fairly soon to ensure that InterCat has the resources to captare valuable new business from its competitors and continue growing. They also value a speedy initial public offering because they believe that the window of opportunity for obtaining a good stock price is presently wide openthe public is wild about shopping on the Internet, and few companies offering Web page design services for Internet catalogues have gone public.Because the 28-week deadline is breathing down their necks, janet and gilvert decide to map the steps in the process of making an inital pulic offering. They list each major activity that needs to be completed, the activites that directly precede each activtiy