You have been asked by your 60-year-old uncle Isaac to help him assess a new venture…. 1 answer below »

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UCBS7037 Financial Management Assessment

You have been asked by your 60-year-old uncle Isaac to help him assess a new venture. It is

Friday night, and he needs the work finished by Sunday, in preparation for an early Monday

morning meeting, so you know that he will not be able to give you any more information than

he already has (and you will be unable to contact him over the weekend), and therefore you may

need to rely on your own assumptions and estimates for some of the analysis where appropriate.

Isaac lives near Toronto in Canada and recently took early retirement (from a soft drinks

company he joined 25 years ago), leaving the company with a lump sum (after tax) payment of

CAD 800,000. Surprisingly, rather than being depressed by his new state of independence, he is

tired of the bureaucratic life and excitedly contemplating a new career as a retailer of a range of

German fine handmade chocolate. He is confident that he can set up a business to import the

chocolate from Lindau and sell it in Canada. His wife, who he met at business school, is pleased

with his passion for this possible new venture but concerned that it might turn into a financial

disaster. She has suggested that he develop a financial plan to evaluate the venture and its

viability.

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