PROTECTED VIEW Be careful files from the Internet can contain viruses. Unless you need to edit, it's safer Problem 3. The management of Madeira Manufacturing Company is considering the Fixed Cost 30000 introduction of a new product. The fixed cost to begin the production of the product is $30,000. The variable cost for the product is expected to be between $16 VC Most Likely and $24, with a most likely value of $20 per unit. The 16 Low 24 High 20 Sales 50 oproduct will sell for $50 per unit. Demand for the 1product is expected to range from 300 to 2,100 units 300 Low 2with 1,200 units the most likely. Use a normal 2100 High distribution with mean 1200 and standard deviationDemand Most 300 for the demand range ikely 1200 1. Develop a what-if spreadsheet model computing profit for this product in the base-case, worst-case, and best-case scenarios 12. If you increased price to $65, how would that effect Lyourmodel? Doyou think it isfeasibletoincreasethe. I a price