Analyze each of the proposals against the current situation to determine if it will help Richard achieve his profit goal, (Enter loss using either a negative sign preceding the number es. -45 or porentheses eg. (45). Round answers to 2 decimal ploces, es. 5, 125.25.) After these initial discussions. Richard realizes that he has ignored any possible tax effects thus far. He estimates that his business will be subject to a 20% tax rate. Will any of the proposed scenarios allow him to reach an after-tax income goal of $12,000 ? If so. which one(s)? (Round answers to 2 decimal places, es. 5.125.25. Richard, the owner of a local poster shop. comes to you for heip. Wo ve only been breaking even the past two years, and i'm getting very frustrated! i dor't know what to do because i feed like Y've already tried to improve our processes as much as possible, but westill. haven't been able to generate a profit. Do you have any suggestions as to how we can turn things around? ljust don't think we can even consider moving forward with this business umless we can ean $12,000 in operating incorne noxt year. Even then, well have to think. long and hard about what the future holds? Richard shares the following intormation with you, as you ponder difterent scenarios to belp your friend. After thinking about it for a while, you suggest the following possibdities to help him turn things around. 1. Lower the selling price by 10% to increase sales volume by 5% 2. Advertise on the radio and with social media, for a combined cost of $1,000, to increase volume by 10%. 3. Use a more affordable paper on which to print the posters (avalable for $0,60 per unit), in combination with a less expensive film to cover the top of the poster (available for $0,40 per unit). 4. Instead of paying the salespeople a fixed salary, nove to a commission-based compensation plan isave $20,000 in 5,3 ary: incur $1.45 per unit sold commissionl, which should increase sales volume by 20%