Task: You have decided to start your own business (either service or manufacturing, but limited to one product or service). To start the business, you are going to use your savings as well as some capital obtained from friends and family totalling £50,000. However, it is insufficient to finance the business. Therefore, you have decided to make a pitch to a small group of potential investors. You know that any potential investor will expect you to have a good knowledge of how much your product will cost to produce and also of the expected level of sales and profit your product is predicted to make. Required: Write a pitch to your potential investors, including the following information for your first year of activity: Cost statement for the product/service (per unit) detailing costs based on behaviour (fixed, variable), contribution per unit and profit per unit (10 marks) Break-even and margin of safety in quantity and revenue (12 marks) Cash budget (month by month) (13 marks) Forecast Income Statement for the year (15 marks) Forecast Statement of Financial Position (Balance Sheet) for the year (15 marks) Four ratios calculated based on your year-end results to convince the potential investors on the health of the business and its investment potential. (20 marks)