Your role with Goldratt Cons ulting will involve analyzing a variety of situations. This analytical assessment contains scenarios that have some relevance to our work * 7. The consultancy Genius Inc. is working with its manufacturing client Widgets-R-Us to improve their on-time performance. The firm can earn a bonus of up to $1,000,000 based on how much the on-time performance actually improves. It's current (baseline) on-time performance is 50%. The bonus payment is prorated according to the following criteria: . No bonus is earned for the first 25% improvement over baseline. (Hint: this does not mean 50% + 25% Maximum bonus is earned once Widgets-R-Us achieves 90% on-time performance. Please answer the following: Write down a formula to determine the total bonus amount to be received Using your formula, show how much bonus would be paid if Widgets-R-Us achieves 80% on-time performance * 8. Transtech Inc. produces transformers. Each order is custom designed and manufactured for the customer. Each order goes through 3 phases: 1. Transformer Design, which takes 2 weeks 2. Procurement, which has a lead time of 8 weeks