Show in excel

Using Excel to complete the following question. You may give your answers to all of the questions in the Excel file and upload the Excel file only to Blackboard. If so, you must indicate your answers clearly. Alternatively, you may give your answers in the Word file and upload both the Word and Excel files to Blackboard. The ABC Company is making a production plan for the next year, given the sales forecast for the next year as: Currently, the firm has 16 employees, and each employee can produce up to 1,000 units per quarter. The firm pays each employee $2,000 per quarter. The firm estimates its inventory carrying cost to be $2 per unit of ending inventory per quarter, its hiring cost to be $1,500 per employee, and its layoff cost to be $3,000 per employee. The company currently has an inventory of 1,000 units and wishes to have an ending inventory of at least 2,000 units at the end of the next year (i.e., quarter 4 only). The company does not plan to incur inventory shortages. d) (25 points) Using Excel Solver, determine the optimal plan and the total cost of the next year. Use the "SOP Example" discussed in class as a reference