Question: Start Excel. Open the file named TU 0 3 - EBTM 2 5 1 Chapter 1 - Terra Cotta Coffee Shop.xlsx . MyITLab has automatically

Start Excel. Open the file named TU03- EBTM251 Chapter 1- Terra Cotta Coffee Shop.xlsx. MyITLab has automatically added your last name to the beginning of the filename. Save the file to the location where you are storing your files for future grading. 02 On the "SalesData" worksheet, create the Named Range "SalesData2022" for cells B2:M7.13 On the "Analysis" worksheet, in cell B2, use the SUM function to calculate the total revenue from 2022, using the SalesData2022 named range. 24 On the "Analysis" worksheet, create a Name Range "Revenue_for_2022" in cell B2 and "Previous_Year_Cost" in cell B3.25 In cell B4, estimate the 2022 costs by multiplying the 2022 Revenue by the Previous year's cost in B2 using the appropriate name ranges. 26 Create the Name Range "Costs_for_2022" in cell B4, "Renovation_Cost" in cell B7 and "Upgrade_Cost" in cell B8.37 In cell B5, calculate the 2022 profits by subtracting the 2022 Costs from the 2022 Revenue. 18 In cell D9, create an in-cell dropdown list with the values of Yes and No (in that order). The dropdown list will be used to indicate whether or not upgraded furniture will be purchased. Select No for the value D9. Hint: The Source entries in your dropdown list should not have a space after the comma. 39 Create the Name Range "Upgrade_furniture?" in cell D9.210 Cell B9 will display the renovation costs based on the renovation decision shown in D9. Use an IF function to display the cost of the Renovation (B7) plus the Upgrade Cost (B8) if the D9 shows "Yes". Otherwise B9 should display just the Renovation Costs. Once your IF function equation has been completed, create the name range "Total_Renovation_Cost" for cell B9.611 In cell B10, add Data Validation that will only allow investments between 120000(the minimum) and 200000.(the maximum). Type the value 180000 in cell B10. Now create the name range "Investment_Amount" for B10.612 In cell B11, calculate the amount needed to finance by subtracting "Investment_Amount" from "Total_Renovation_Cost" 313 Create the name range "Amount_Needed_to_Finance" in cell B11. In cell B13, use a VLOOKUP function to retrieve the Annual Percent Rate (e.g., the "APR") based on the amount needed to finance. Use the table of data in A20:B25 as required for the function. Format the results as a percentage with 2 decimals. 1014 Create the following name ranges: "APR_for_Loan" in cell B13 and "Term" in cell B14.415 In cell B16, use the PMT function to calculate the monthly cost of the loan if payments are made at the end of each month. The result should be displayed as a positive number in the Currency format. Hint: The term of the loan is shown in B14.516 In cell B17, use the PMT function to calculate the quarterly cost of the loan if payments are made at the end of each quarter. The result should be displayed as a positive number in the Currency format. 517 Format cells B2, B4:B5, and B7:B11 in the Currency format with zero decimal places. 318 Calculate the annual cost of the Monthly and Quarterly loans in cells D16 and D17 respectively. 219 In cell H3, type an absolute cell reference to the cell that calculates the profits for 2022. Copy the formula across the row to cell N3. This will display results for 7 years of stagnant profits. (Increase the width of columns I:N if necessary.)220 Use the values in the list below as the estimated growth rates of annual profits in cells H4:N4. Format the values as percentage with 2 decimal places. Year 1: .0925 Year 2: .10 Year 3: .0825 Years 4-7: .05221 In cell H5, calculate the Estimated Annual Profits in year 1 based on the "Stagnant Annual Profit" amount in H3 and the "Estimated Growth Rate" in H4. Format results in Currency with zero decimals. Hint: No function is necessary; simple math. Your answers in cells H5:N5 will all be greater than $152,213.422 In cell H6, calculate the difference between the Year 1 "Stagnant Annual Profits" and the Year 1 "Estimated Annual Profits". AutoFill the calculation over to N6 and format as Currency with zero decimals. 223 In cell H7, use the SUM function to calculate the total amount of additional profits earned throughout the 7-year period. Format cell as Currency with zero decimals. 224 In cell I7, use an IF function that will display Yes if the Total Additional Profits (H7) would be more than the annual cost of monthly payments (D16). Otherwise, have cell I7 display No.25 Create a 2-D Line chart that compares the annual Stagnant Profits to the annual Estimated Profits for each of the seven years. Have the years (i.e., Year 1, Year 2, etc.) displayed as categories. Place the upper left corner of the chart in G9, the lower right in cell N20. Update the chart as follows: - Apply Style 13 to the chart - Update the Legend to read "Stagnant Profits" and "Estimated Profits". - Move the Legend to the top - Update the Categories to display all-seven years (i.e., Year 1, Year 2, Year 3, etc.)- Add a primary vert

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