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The management of Madeira Manufacturing Company is consideringthe introduction of a new product. The fixed cost to begin theproduction of the product is $32,000. The variable cost for theproduct is expected to be between $19 and $28 with a most likelyvalue of $26 per unit. The product will sell for $45 per unit.Demand for the product is expected to range from 300 to 1800 units,with 900 units the most likely demand.Letc =variable cost per unitx =demandDevelop the profit model for this product. Enter your answer inthe form of an expression. (Example:(c+10)?x+800)Profit = Provide the base-case, worst-case and best-case analyses. Forthose boxes in which you must enter subtractive or negative numbersuse a minus sign. (Example: -300)Base case:Profit =$ Worst case:Profit =$ Best case:Profit =$