A new company is planning to make and sell new cheap smart phones in America. They will sell the phone at $$99\mathrm{.}99$ in a market that potentially buys $1$ million smart phones every year. They hope to get $1\%$ of the market share in the first year. To achieve that goal they estimate to spend $17\%$ on promotion and $12\%$ on commission to motivate the salespepople. They estimate to pay $$100000$ salary and $$50000$ in annual rent. There are some other costs that are about $$2000$ monthly. The cost of goods is about $20\%.$

Hint: Net Income$=$ Revenue $-$ Total Cost

Revenue $=$ Market share ${?}^{**}$ market size$*$Price

$1$ How much is the annual net income if they achieve their $1\%$ goal?

$2$ What percent of the market share they have to get in order to make $$1,700,000$ of net income? Two decimals $($Hint: use goal seek$)$

$\backslash$table$[[$Retail Cost,$$99\mathrm{.}99$