You are the digital marketing director for High West Fashions, a regional clothing company that specializes in custom t-shirts. Your company has decided to launch an online advertising campaign that gives customers the ability to purchase heavily discounted products. You have the task of determining the optimal amount of advertising to purchase in order to maximize profit and most effectively utilize resources. Start Excel. Download and open the file named . Grader has automatically added your last name to the beginning of the filename. On the Direct Marketing worksheet, create appropriate range names for (cell B8), (cell B9), (cell B10), (B11), and (cell B12). Edit the existing name range Design_Fee to to reflect the current year. Use the newly created range names to create a formula to calculate Gross Profit (cell B12) and Net Profit (cell B13). Create a new worksheet named , paste the newly created range name information in cell A1, and resize the columns as needed for proper display. Mac users, use the Insert menu to insert a new worksheet and paste the range names. On the Direct Marketing worksheet, use Goal Seek to determine the optimal click rate in order to earn a net profit. Starting in cell E4. Complete the series of substitution values ranging from to 6.5% at increments of .50% vertically down column E. Enter references to the Gross Profit and Net Profit in the correct location for a one-variable data table. Complete the one-variable data table, and then format the results with Accounting Number Format with two decimal places. Apply custom number formats to display in cell F3 and in cell G3. Copy the response rate substitution values from the one-variable data table, and then paste the values starting in cell I4. Type in cell J3. Complete the series of substitution values from 10000 to 40000 at 5000 increments. Enter the reference to net profit formula in the correct location for a two-variable data table. Complete the two-variable data table and format the results with Accounting Number Format with two decimal places. Apply a custom number format to make the formula reference appear as . Make the Direct Marketing 2 worksheet active. Create a scenario named , using Number of Ads and Click Rate. Enter these values for the scenario: , and . Create a second scenario named , using the same changing cells. Enter these values for the scenario: , and . Create a third scenario named , using the same changing cells. Enter these values for the scenario: , and . Generate a scenario summary report using Gross Profit and Net Income. Return to the Direct Marketing 2 worksheet. Load the Solver add-in if it is not already loaded. Launch Solver and set the objective to calculate a net profit of . Use Number of Ads and Click Rate ( ) as changing variable cells. Set a constraint to ensure Number of Ads purchased is less than or equal to . Set a constraint to ensure Click Rate is less than or equal to . (Mac users should enter the value in decimal form. Example ) Solve the problem. Generate the Answer Report. Create a footer on all worksheets with your name on the left side, the sheet name code in the center, and the file name code on the right side. Save and close . Exit Excel. Submit the file as directed.