Read the even shorter mini case: Loft in Space, on page $261$ in your textbook. Michael Cain built a loft for his dorm and when asked to make others, he decided to explore it as a business opportunity. He ran into three problems and needed to complete the business plan process to identify solutions for them.Answer the questions in the text, also included below.If he was going to build a business plan to present to the university administrators, what type of plan should he develop $($following the types mentioned in Table $8\mathrm{.}5)?$What parts of the plan should he make sure are included?What solutions would you suggest for his three problems?