Write an executive summary onErnst-Merchant Chip Formation theory and itspractical applications in machining industries.(Hints: draw the free-body diagram and the forcecircle at the cutting edge, label all important parameters, explainthe theory based on the minimum cutting force; show its importanceon energy consumption and economy in mass production. (2 pages,single space, single column); use an abstract, divide the paper inheadings and subheadings, and a conclusion or final remarks(summing up).