Build a Monte Carlo simulation model to solve the project problem. Please help me in this. Time wasters stay away.

Application of Profitability Analysis Problem: A soon-to-graduate business student is considering starting his own information systems consulting business. In assessing the market, he has categorized potential projects into five groups, with expected frequencies and time durations shown below: Project Type Frequency Time Duration Minor Small Mediunm Large Major 3096 3596 20% 10% 596 0.5 to 3.0 hours 3 to 10 hours 10 to 25 hours 25 to 35 hours 35 to 50 hours He estimates that the total number of projects per week, based on surveying similar firms in comparable cities, has the following distribution: Probability Number of Projects S60 8% 8% 11% 1690 20% 16% 8% 6% 4% 3% per week Consulting fee $50/hour 4% 790 10% 15% 21% 15% 10% 7% 5% 690 $70 13% 13% 17% 24% 15% 8% 4% 3% 2% 190 Activate Windows Monthly expenses are estimated to be $2300, and he would like to have an annual income that compares with his graduating classmates that is, atndows least $75,000. Determine the potential profitability of this business if the hourly consulting rates charged are $50, $60, or $70 Application of Profitability Analysis Problem: A soon-to-graduate business student is considering starting his own information systems consulting business. In assessing the market, he has categorized potential projects into five groups, with expected frequencies and time durations shown below: Project Type Frequency Time Duration Minor Small Mediunm Large Major 3096 3596 20% 10% 596 0.5 to 3.0 hours 3 to 10 hours 10 to 25 hours 25 to 35 hours 35 to 50 hours He estimates that the total number of projects per week, based on surveying similar firms in comparable cities, has the following distribution: Probability Number of Projects S60 8% 8% 11% 1690 20% 16% 8% 6% 4% 3% per week Consulting fee $50/hour 4% 790 10% 15% 21% 15% 10% 7% 5% 690 $70 13% 13% 17% 24% 15% 8% 4% 3% 2% 190 Activate Windows Monthly expenses are estimated to be $2300, and he would like to have an annual income that compares with his graduating classmates that is, atndows least $75,000. Determine the potential profitability of this business if the hourly consulting rates charged are $50, $60, or $70