anco, inc. manufactures a variety of products and is currently manufacturing all of its own component parts. An outside supplier has offered to sell one of those components to Alanco. The Controller has asked you to help evaluate this offer to determine if the company should make or buy the component. Use the information included in the Excel Simulation and the Excel functions described below to complete the task Ce" Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, itin a blank cell." * 4" was entered, the formula would output the result from cell C4, or 27,000,000 in this example. Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: plus sign to add) -(minus sign to subtract. (asterisk sign to multiply and / forward slash to divide Frorm the Excel Simulation below if in a blank cell C14+C15" was entered, the formula would add the values from those cells and output the result, or 2,900,000 in this example. If using the other math symbols the result would output an appropriate answer for its function. .IF function: Allows you to test a condition and return a specific value is the result is true and different value if the result is false. The syntax of the IF function is F(testcondition,value_ f true,value_if falsel" and specific considerations need to function. The testcondition argument is an evaluation of the status of a cell, such as if the value of a cell is greater than, less than, or equal to another number or cell. The value_if true an another cell reference, a value, or text. Throughout the entire equation, if text is being used in the test condition, value Iif true, or value if false arguments then the text itself should be entered in quotations so that Excel will r instead of another function. From the Excel Simulation below, If in a blank cell IF(C8 1000000,Net income is g bad") was entered, the formula would output the result of the value-?true case the text "Net income is good". Excel processes the IF function by separating it out into separate parts. First the Excel thinks, find cell C8 and determine if the value is greater than 1,000,000. Once Excel determines if the resuit of that TRUE or FALSE, it will return the value-ar_true or value-?fase. IFtest condlition,value i d value- false arguments will return any specific result for each option, such as ecognize the text as a "string of text ood" 'Net income is since the test condition would be result as true, or in this test.condition- . Absolute Reference: Allows you to maintain the original cell reference when a formula is copied to another cell. The cell reference is you copy the formula 88+B9* from cell C1 to o the equation, the formula will not can also use a mixed cell reference by only "locking" the column or row only ($88 or 8$8) which locks that test.condition is locked" by putting a dollar sign before the column and row references. By default a ce" reference is r formula to another cell the values update based on a relative reference. For example, if cell C2, the formula in cell C2 will relatively update to be 89+810" since the copied formula references also moved down one cell. Conversely, by adding the absolute cell reference "locks" t change when copied to any other cell. For example, $88 s8s9" written in cell C1 is copied to cell C2, the formula in cell C2 will emain-$B$8 $8$9": You specific column or row and the other reference becomes a relative reference and "moves For example, if you copy the formula B$8 89" from cell C1 to cell C2, the formula in cell C2 will update to be 8$8 B copied formula moved down one cell, the formula cell relative references also moved down o remained the same. For this project, when u grading you should only auto-fill one cell at a time and not an entire range. moved down one cell, the formula cell " with the formula as its copied to another cell. ne cell, but the absolute "locked" reference sing Absolute Cell Referencing, you can also use the auto-fill option, however, for proper