As part of your business plan, you will develop a pro-forma financial model (5 years) for your business

As part of your business plan, you will develop a pro-forma financial model (5 years) for your business. For this week complete the following:A list of key assumptions that drive your financial model. It is strongly encouraged that you find comparable companies and use industry ratios to justify your assumptions.Year 1: Monthly and year-end income statements and cash flows, year-end balance sheet.Note: Use a spreadsheet program such as Excel to construct this information. Be sure to include a separate sheet for your key assumptions.Week 6 Assignment “Financial Plan (Final Draft)”Continued from last week. Complete the remainder of the plan by developing the following:Year 2: Quarterly income statements and cash flows, year-end balance sheet.Years 3-5: Yearend statements of income, cash flow and balance sheet.Note: Use a spreadsheet program such as Excel to construct this information. Be sure to include a separate sheet for your key assumptions.Please combine both assignments into the final draft which includes the components in this order:A list of key assumptions that drive your financial model. It is strongly encouraged that you find comparable companies and use industry ratios to justify your assumptions.Year 1: Monthly and year-end income statements and cash flows, year-end balance sheet.Year 2: Quarterly income statements and cash flows, year-end balance sheet.Years 3-5: Yearend statements of income, cash flow and balance sheet.