You are playing the role of the divisional manager of the new e-bike division of Fox Factory Holding Corporation. The divisional manager is preparing to request funding to introduce the product and begin sales. Three options have been identified (note that these are fictitious assumptions):Produce the new e-bike internally, Outsource manufacturing to another manufacturer, and License the design to an existing company for royalties on future sales.Note: Please use the most recent Quarterly Results Links to an external site. (Form 10-Q) published on the Fox Factory Investor Overview website. Please use the earnings announcement for relevant required information, such as Fox Factory Holding Corp. Announces Third Quarter 20XX Financial Results.In your assignment,Prepare a balanced scorecard with strategic objectives and key performance indicators (KPIs) for each of the three options.Use the Excel sheet OMM622_Balanced Scorecard_Template.xlsx Download OMM622_Balanced Scorecard_Template.xlsx to create the balanced scorecard.Fill up the template for all three options.Summarize the information of the Balanced Scorecard in a short memo of 12 pages.Explain the objectives and the KPIs in the memo.It should be addressed to the CEO, from the student, with the subject Balanced Scorecard Analysis for e-bike options.