A manufacturing company is interested in using simulation to estimate the profit for a new product that it intends to launch. The selling price per unit will be $150.00. The probability distributions for material cost, labor cost, and demand are as given below. There is a fixed cost of $275,000.00 for every production run. a. Construct a simulation model to estimate the average profit b. Assuming 1000 simulation runs are performed in the model, what is the proportion of profit resulting into being negative c. Construct a profit distribution graph (frequency) for this simulation run Use bins from 200,000 to +200,000 with 25,000 increments