1) This probability is given by
... C(40,5)·0.12⁵·0.88³⁵ ≈ 0.18665 . . . . . where C(n, k) = n!/(k!(n-k)!)
2) This probability is given by
... 0.88⁴⁰ ≈ 0.00602
3) This is the complement of the probability that all have failed.
... 1 - 0.12⁴⁰ ≈ 1.0000