Please show all work to receive credit and use excel if applicable

18. MHM produces lawn chairs which it sells for $40 each. Its total fixed costs are $2.800.000 per year, its variable costs are $18 per lawn chair, and its corporate tax rate is 25%. In a strong economy, it expects to sell 200,000 lawn chairs whereas in a weak economy, it will only 150,000 chairs. How much lower will MHM's profits be in a weak economy compared to a strong economy? 18. MHM produces lawn chairs which it sells for $40 each. Its total fixed costs are $2.800.000 per year, its variable costs are $18 per lawn chair, and its corporate tax rate is 25%. In a strong economy, it expects to sell 200,000 lawn chairs whereas in a weak economy, it will only 150,000 chairs. How much lower will MHM's profits be in a weak economy compared to a strong economy