Required: 1. Design your product and provide it a name and a description and visual/picture of it (this can be your own drawing or an image from the internet with your brand/logo assigned to the image). Justify your choice by explaining in detail the reasons why you select your product (i.e., is there a demand for it? Will it solve any social, environmental or financial issues? etc.). How do you incorporate the contemporary sustainability issue into your product? What is your vision for the selected product? 2. Estimate the product's Research and Development (R&D) and Design costs (as you will be undertaking the R&D, building a prototype, testing the product. You should assign yourself an hourly wage rate based on market research and keep a record of the activities and how many hours it took you to design your product. This will determine your R&D and Design costs). Provide detailed explanations about your R&D processes/steps and how the selected product is manufactured. 3. Conduct market research (i.e., search the internet, field research) to identify, estimate and determine the costs of your product's direct materials, direct labour, and manufacturing overhead (fixed and variable). Clearly list and determine how much and types