You have been engaged to perform a test of inventory for obsolescence [cost or market, whichever is lower] for a private client, Micro Tech Industries. MTI's $91,200,000 inventory has become sensitive to changes in the marketability of its products. The client has not yet recognized an allowance for obsolescence. Based on existing facts and circumstances, the client estimates that about $4,000,000 of inventory could be obsolete. Assume that $4,000,000 is material. The required estimation objective 1-sided risk is 5% . That will provide for a 2-sided confidence level of 90%. 1. Calculate the sample size for the estimation objective on the SAMPLE SIZE sheet 2. Go to EVALUATION and enter the serial number from a $1 bill. The sample will be selected and evaluated 3. Open the link and enter the results on the row with your name. Then, close the spreadsheet