Suppose you have an idea for a new product. The fixed costs are estimated at $725,000. You believe you can sell the item initially for $499, and that variable costs will run between $250 and $399 with $301 most likely. Suppose you believe that demand will be 2,300 for the worst case, 15,150 for the best case, and most likely will be 9850. What would be the profit for the best case scenario? Suppose you have an idea for a new product. The fixed costs are estimated at $725,000. You believe you can sell the item initially for $499, and that variable costs will run between $250 and $399 with $301 most likely. Suppose you believe that demand will be 2,300 for the worst case, 15,150 for the best case, and most likely will be 9850. What would be the profit for the best case scenario? $7,559,850 $3,047,350 $1,225,300 $725,000