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Case Study Part 4–Monetary Analysis “In the Money”Pat, Fred, and Tom had discussed Carter Racing’s situation the previous evening,Tom, who was always enthusiastic described their record for the season.“During theyear there were thirty races of which we participated twenty-four races of which wefinished fifteen race. we were in the top five 80% of the time (12 of 15 races) We blewour engine in seven races, so our rate of blown engines is twenty-nine percent. But weare running fast, so we have to expect some difficulties. I am not happy with the engineproblems, but I will take a few first-place and “in the money: finishes over seven blownengines any day[Note: The top five finishers in a race are considered “in the money”]. Ifwe finish in the money w