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Your company is considering the development of a new product. Your boss, impressed with your knowledge of engineering finance, has provided you with the following

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Your company is considering the development of a new product. Your boss, impressed with your knowledge of engineering finance, has provided you with the following assessments: Variable Volume Price Cost Units 000s $/unit $/unit Low 15 1.00 2.00 Base 30 3.00 2.50 High 35 6.00 3.50 Profit (000s $) = Volume * (Price - Cost) a. What is the definition of the Low, Base, and High assessments (as presented in class and your case study)? (18 points) b. Draw a tornado diagram for Profit, using your boss's assessments. Make sure to clearly label your diagram. (22 points)

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