Question 1 - 20 POINTS An event management company is trying to determine the sales price for ticket category C for an upcoming event. The fixed cost associated with the management tasks are estimated to be around $320,000. Variable processing costs are estimated to be $ 12.00 per ticket. The targeted sales price per ticket is $92.00. a. What is the expected profit with a demand of 7,000 tickets? Create a spreadsheet model. b. Use data table to vary demand from 1,000 to 11,000 in increments of 2,000. Between what sales volume range does the returns change from loss to profit? c. Use goal seek to determine the selling price per ticket if the company expects to be break even with a demand of 7,000 tickets. d. Consider the following scenarios. Calculate the profit for each scenario using scenario manager Scenario 1 Selling Price $ 96.00 $ Variable Cost $ 12.00 Scenario 2 84.00 $ 13.00 Scenario 3 92.00 $ S 14.00 Demand 7,000 9,000 10,500