Monthly expenses are estimated to be $2300, and you would like to have at least $75,000 annual income that compares with your graduating classmates. Determine the potential profitability of your business if you charge the hourly consulting fee at $50, $60, and $70. Your group studies the profitability problem, and build a simulation model to solve this profitability problem using Excel. The results of the profitability analysis include: for each consulting fee, estimated net profit (loss), possible minimum profit and maximum profit, and probability of making profit from this business. (Hint: For a particular year, if your business makes less than $75,000, your business makes a loss.) Finally publish your analysis on your team's website