6. Evaluating Possible Improvements The Center board has proposed 4 possible improvement initiatives, each of which can be pursued independently of the others. The proposed initiatives are summarized in Exhibit 3. Prepare an analysis (in Excel) showing the impact of each individual proposed improvement on SDC's forecasted net income for 2020-21. It will be helpful to use the contribution margin income statement approach in performing the analysis. You may wish to use the following format to summarize your results: | Show all of the necessary calculations in your Excel spreadsheet. Be sure to reflect the changes in FTEs, revenues, variable costs and fixed costs that will result from adopting each of the alternatives. Based upon your analysis, select the 2 possible improvements that you believe are the best candidates for adoption by SDC. Be sure that you are prepared to defend your recommendations to management and the board based upon your analyses