Question 5 Assume that ABC is analysing a new project consisting of producing a new product. Suppose that approximately 25% of ABC 's sales come from customers who would have purchased an existing ABC 's product if the new product were not available. ABC expects to sell 100000 of new product at $250 each costing $100 to produce it. ABC sells existing product at $100 each which costs $70 to produce it. Determine the effect of the new product on the sales, cost and gross profit of ABC