FM Unit 3Project description Define each part of a financial plan and discuss the importance of these components in managerial decision making.Your response should be at least 250 words in length. You are required to use at least your textbook as source material for your response. Allsources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 2. Construct a pro forma income statement for the first year and second year for the following assumptions: Units of Sales in Year 1: 100,000 Price per Unit: $10 Variable cost per unit: 30% Fixed Costs: $120,000 Income taxes: 15% Interest Expense: $200,000 In year 2, Price per unit increases to $11.50, and unit of sales increases by 3%, all other assumptions remain the same.Please show all work for question 2.:
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