The ARC Company specializes in developing and selling a wide range of high-quality scooters. Sales representatives report that there is a growing demand for racing scooters. ARC’s president, Robin Lane, is excited about the possibilities and predicts that one day these kinds of razor scooters will be featured in X-Game events. ARC is a small company and uses a strong matrix to optimally utilize limited manpower.The Project Priority Matrix for the Red Zuma Project is:Time Scope CostConstrain XEnhance XAccept XPart 1You are a member of a project team assigned to develop the new razor scooter code named “Red Zuma.” Table A2.5 contains the information necessary to create a project schedule. For the purpose of this case assume the following:TABLE A2.5 Red Zuma: Project ScheduleIDTask NameDurationPredecessors11 Red Zuma Project260 days21.1 Market Analysis25 days31.2 Product Design30 days241.3 Manufacturing Study20 days251.4 Product Design Selection10 days3, 461.5 Detailed Marketing Plan15 days571.6 Manufacturing Process30 days581.7 Detailed Product Design45 days591.8 Build Prototypes25 days8101.9 Lab Test Prototypes10 days9111.10 Field Test Prototypes15 days9121.11 Finalized Product Design20 days7,10,11131.12 Final Manufacturing Process10 days12141.13 Order Components7 days12151.14 Order Production Equipment14 days13161.15 Install Production Equipment35 days14FS+20 days, 15FS+30 days171.16 Celebrate1 days6, 16Note: FS refers to a Finish-to-Start lag.Page 647The project begins January 2, 2015.The following holidays are observed: January 1, Martin Luther King Day (third Monday in January), Memorial Day (last Monday in May), July 4th, Labor Day (first Monday in September), Thanksgiving Day (4th Thursday in November), December 25.If a holiday falls on a Saturday, then Friday will be given as an extra day off, and if it falls on a Sunday, then Monday will be given as a day off. If December 25th falls on a Friday then Monday will not be given a day off.The project team works eight-hour days, Monday through Friday.Construct a network schedule for this project and prepare a memo that answers the following questions:When is the project estimated to be completed? How long will the project take?What is the critical path for the project?Which activity has the greatest amount of slack?How sensitive is this network?Identify two sensible milestones and explain your choices.Include the following printouts:A Gantt chart.A network diagram highlighting the critical path.A schedule table reporting ES, LS, EF, LF, and slack for each activity.