Please show formulas not just excel

8. Tornado Time (40 points) Your company is considering the development of a new product. Your boss, impressed with your knowledge of engineering finance, has provided you with the following assessments Variable Volume Price Cost Units 000s $/unit $/unit Low 15 1.00 2.00 Base 30 3.00 2.50 35 6.00 3.50 Profit (000s $)-Volume (Price - Cost) a. What is the definition of the Low, Base, and High assessments (as presented in class case study)? (18 points) and your b. Draw a tornado diagram for Profit, using your boss's assessments. Make sure to clearly label your diagram. (22 points)