Decide upon an initiative you want to implement that would increase sales over the next five years, (for example, market another product, corporate expansion, and so on). Using the sample financial statements, create pro forma statements of five year projections that are clear, concise, and easy to read. Be sure to double check the calculations in your pro forma statements. Make assumptions that support each line item increase or decrease for your forecasted statements. Discuss and interpret the financials in relation to the initiative. Make recommendations on potential discretionary financing needs. Write a 350 – 700 word analysis of the company’s short term and long term financing needs and determine strategies for the company to manage working capital. For your individual assignment, please use the attached template to develop your five year pro forma. Note that you have to use the sample financial statements provided in the Student Material to develop your pro formas. You may need to modify the template to fill in the information for the Balance Sheet and the P&L. In your projections, use a 15% growth rate and an effective tax rate of 35%.