Cox Electric makes electronic components and has estimated the following for a new design of one of its products: Fixed Cost =$10,000 Material cost per unit =$0.15 Labor cost per unit =$0.10 Revenue per unit =$0.65 These data are given in the file CoxElectric. Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cos p the variable cost per unit. Assuming Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variabl evenue. (c) Implement your model from part (b) in Excel using the principles of good spreadsheet design and find the profit if Cox Electric makes 12,000 new product. If required, round your answer to nearest whole number. For subtractive or negative numbers use a minus sign. (Example: - 300)