Project 4: Finance for ManagersStart HereAs a senior analyst at Maryland Creative Solutions (MCS), you have continued to prove your value after helping Choice Hotels make strategic decisions by analyzing their financial reports. Frank Marinara and Elisa Izuki, continually happy with your work, have decided to transfer you to the finance team. You’re excited to continue working for MCS and you strongly believe you are capable of someday making senior partner.Dialogue with Frank MarinaraYou meet with Frank so he can orient you to the upcoming task. “The finance operations have a slightly different focus than the accounting operations,” he says. “The financial analysis part of our business is more involved with analyzing financing and investment decisions, making corporate asset valuations, evaluating corporate financial performance, and providing corporate valuations. You will be working to complete a project for our Maryland-based client McCormick & Company.”Given your position as a senior analyst, you are anticipating that Frank will have several separate requests. Frank explains that McCormick & Company is considering expanding their operations by building another factory to increase the production volumes of their spice products. The client has asked MCS to help them determine if this financial investment is worthwhile.Frank continues by delineating your responsibilities for the project: “To get started, we will need to look at the variables involved in this purchase and the questions McCormick & Company has provided. Ultimately, MCS will help them determine their corporate valuation, responsibly raise capital, and make the right financing and investing decisions. This information will help you determine which financing and investing options would provide McCormick & Company with the best potential outcomes for sustainability and growth.“You will also need to participate in a meeting with the other finance analysts to discuss risk and returns,” Frank says. This discussion will help the client decide if they should invest in the new factory.“The client also mentioned they would like MCS to provide them with guidance on retirement plan options and other employee benefits,” Frank elaborates. “Finally, I will need you to complete the project by preparing an executive summary that highlights your recommendations.”Step 1: Analyze Financing and Investing ActivitiesINBOX (1 NEW EMAIL)From: Frank Marinara, Director of FinanceTo: You and Finance TeamI hope you are ready to move forward with the project at hand. I want to give you the background on the McCormick & Company case and instructions for this project.McCormick & Company approached MCS because they would like to increase the production of their spice products and are considering the construction of a new factory in Largo, Maryland. The new factory would allow the company to increase its overall production capacity. As McCormick decides whether to build the factory, they are asking our finance team to evaluate options to finance this construction. McCormick has provided MCS with the purchase price, expected cash flow, and two new product lines projects they expect to run in the newly built factory.To understand which financing option would be best for the client, you must first understand time value of money, present value, future value, and loan amortization. These topics will help you make recommendations about the relative benefits and drawbacks of each option.Working in the attached Excel Workbook, complete the Financing and Investing worksheet. The Financing and Investing worksheet contains information about present value, revenue, expenses, and cash flows, as well as questions that will help Frank guide the client in selecting the best financing option.When you have completed the Financing and Investing worksheet, submit it to the submission folder located in the final step of this project. Then, proceed to Step 3, where you will examine the factors affecting McCormick’s corporate valuation.Looking forward to seeing your work,FrankATTACHMENTSMcCormick & Company Workbook.xlsxStep 2: Determine Corporate ValuationMcCormick & Company is also interested in gaining further insight on the corporate valuation of the company, as they need to know how much capital they’ll need to raise to construct the factory. To understand valuation, you must review dividends, options, warrants, derivatives, discount rate, and yield.Dialogue with Frank MarinaraFrank tasks you with recommending a method for raising sufficient capital. “McCormick & Company has been paying dividends to its shareholders for several years now,” he says. “The company has given us some data and would like us to recommend ways they can further leverage their financing activities. The company is interested in potentially issuing more stock or purchasing bonds to raise additional capital for the construction of the new factory. I will need you to answer a few questions about the company’s stock prices and minimum acceptable rate of return. Your answers will help me make a recommendation to McCormick.”Working with the same Project 4 Excel Workbook you worked with in Step 1, complete the Valuation of Performance worksheet. This worksheet contains information on McCormick’s dividends, stocks, and risk premiums, as well as questions that will guide the client’s decisions.When you have completed the Valuation of Performance worksheet, submit the Project 4 Excel Workbook to the folder located in the final step of this project. Next, proceed to Step 3, in which you will advise the client on selecting a retirement plan for its employees.Step 3: Evaluate AnnuitiesAs McCormick & Company reviews its capital in preparation for constructing the factory, it has asked MCS to help with the process of selecting the best retirement options for their employees. To help McCormick make the best decision based on our recommendations, you will need to understand several concepts:annuitiesstocksbondsstandard deviationinternal rate of returnrisk-free rate of returntreasury bill rateYou will also apply what you learned about present value and future value.Working with the same Project 4 Excel Workbook you will use in Steps 1 and 2, complete the Annuities worksheet. The worksheet poses questions about the retirement annuities, US treasury bond rates for the employees’ portfolios managed by a retirement fund company, and annuities for employee's personal investments. This information will clarify the best choice of retirement plan for McCormick employees.When you have answered the questions provided, submit the Project 4 Excel Workbook to the submission folder in the final step of this project. Then continue to Step 4, where you will discuss risk and returns with your colleagues.Step 4: Discuss Risk and ReturnsDialogue with Frank MarinaraAs McCormick decides whether they will invest in an additional factory to keep up with demand, the company remains uncertain if the investment will yield worthwhile returns. “That is where they need us to provide them with a risk and return evaluation,” Frank says. “Risk is the financial liability a company takes in a given investment in consideration of a potential return on the investment.”Meet and DiscussFrank has asked you to meet with your colleagues and discuss how risk and returns will influence McCormick’s investment decision. Complete the following tasks:Discuss whether McCormick & Company should invest in building a new factory in Largo, Maryland. Give credit to any sources you use to support your statements.Discuss how understanding risk and returns will impact this decision. Give credit to any sources you use to support your statements.Later in the week, after you are back in your office, you have a follow-up discussion with your MCS colleagues in an effort to summarize the key lessons from your discussion on risk and returns at the meeting. Respond to your colleagues' original discussion posts and give credit to any sources you use to support your statements. submit one original posting of at least 250 words in the Risk and Returns . Consult the MBA discussion guidelines for assistance.When you have finished Step 4, proceed to Step 5, where you will review your recent findings in a report to management.Step 5: Submit Executive SummaryAt the conclusion of your project, Frank requests an executive summary based on your analysis and recommendations in the previous steps. He is planning on using this executive summary to provide the client, McCormick & Company, with guidance on the potential construction of an additional factory. This executive summary should include facts and figures to support your recommendations. The report should highlight your analysis and recommendations based on the work you completed in the Project 4 Excel Workbook. Be creative and use charts, graphs, or any other tools you feel would be useful to convey your analysis and recommendations. Post your executive summary to management in the submission folder located in the final step of this project.

Goal: Conduct/construct an experiential evaluation/assessment of the business model of your organization. Introduction: Managers who want to improve the effectiveness of their business model and organization, as well as to increase their own ability to manage, use diagnostics/assessments to determine the reality of business effectiveness in comparison to what they originally envisioned. Good feedback contributes to the development of plans to improve business/organizational effectiveness and management performance.Instructions: Students will write a 2500-3000 word (about 10 pages in the main body) properly formatted APA paper (including a title page and references page, but no abstract) that evaluates/assesses the overall effectiveness of the business model used by your organization. This is the third of three assignments that draws from your association with your organization. The previous two “canvas” assignments flow into this one. Identify one or more of the building blocks from the business model canvas where modification should be recommended. Be careful to avoid bias in determining the issue/problem identified by using the canvas. Do not merely critique, but contribute to your organization’s overall success. This paper should be the culmination of the overall work you have done with the business model canvas so that all the pieces go together. Your final paper should include:Your business model canvas – Post-It notes discussion/observations (week 2)—summarize this area, but provide the initial canvas.Identification of theoretical/behavioral trends that you observe in the business model and organization (week 5)—summarize this, do not merely cut and paste.Discussion of appropriate theory, metaphors, and frames with which to describe your business model in operation, as well as to identify areas needing improvement and how to get there.Use of the course resources to evaluate and diagnose your organization’s business model, as well as an integration of the course materials into your writing and consideration.Recommendations for improvements identified using the canvas, theories, and assessment tools used in this course. What are the expected outcomes.Use eight scholarly sources (especially case studies) to undergird your assertions from peer-reviewed literature.Thoroughly familiarize yourself with the assignment specs and ask questions if you are unsure of expectations.The paper must have at least eight scholarly sources. No abstract is necessary, but a title page and references page should be included. Write your paper in third person, even though you are writing about an organization that you are familiar with. To do this, write from the perspective of a scholar who observes and researches about the case. Therefore, first person should be avoided.Use the attached paper and business model for guidance and use. You already wrote the 2nd paper for me.