What would a 5-year projection for a startup Accounting Firm business look like starting from 2024? Include units, dollars, and assumptions in the projection. How would a startup Accounting Firm present the sales projection in a narrative that includes the description of the units you plan to sell, the services (amount of them) you plan to provide, and your growth projections of these numbers?  When will a startup Accounting Firm start making a profit and have the break-even point?

A) Construct an income statement for each year  B) Construct a balance sheet for each year. Make sure the balance sheets are balanced (Hint: New equity raised for the year 2025 is not given you will have to obtain it, and it will be equal to the amount needed to balance the balance sheet)

Scenario Karen Lamont is in the process of starting a new business and wants to forecast the first year's income statement and balance sheet. She has made several assumptions, which are shown below: • Lamont has projected the firm's sales will be $1 million in the first year. • She believes that the operating and gross ● profit margins will be 20 percent and 50 percent, respectively. For working capital, Lamont has estimated the following: Accounts receivable as a percentage of sales: 12% • Inventory as a percentage of sales: 15% Accounts payable as a percentage of sales: 7% ● • Accruals as a percentage of sales: 5% • A bank has agreed to loan her $300,000, consisting of $100,000 in short-term debt and $200,000 in long-term debt. Both loans will have an 8 percent interest rate. • The firm's tax rate will be 30 percent. ● ● • Lamont will need to purchase $350,000 in plant and equipment. Lamont will keep cash in the business that is equal to 5% of sales. Lamont will provide any other…

Please explain how to answer these questions, including the formulas I should use, the steps I should follow, and which financial statements to look at if relevant. 1.5 Calculate the sustainable growth rate for Top Harvest using the financial results of 2020/21 and comment on how Top Harvest could improve their sustainable growth rate in the future. 1.7 Calculate the Economic Value Added for Top Harvest (using Total Assets and not Net Assets) and comment on the performance of the business and how they could improve the EVA 1.6 Calculate the Weighted Average Cost of Capital for Top Harvest using the following information: