CVP ProjectIn this project you will be reviewing the inputs for a CVP analysis.Options:$1.$ Locate a small business that you can assist $$ this can be a small micro$/$homebased business or a larger business. You will identify one product to reviewfor CVP data analysis.OR$2.$ Perform product research for a potential micro$/$home based business orlarger business for a new product. Examples of possible product could bebaked item, woodworking item, jewelry, or custom T$-$shirts, etc.For your paper, complete the following:$1.$ Describe your product. What market are you targeting this product for?What price will you sell your product for? Make projections of your sales inunits over each of the upcoming five years$\mathrm{.}2.$ Make a detailed list of all the materials needed to make your product.Include quantities needed for each material. Also include the cost of thematerial on a per$-$unit basis$\mathrm{.}3.$ Make a list of all the equipment you will need to make your product.Estimate the cost of each piece of equipment that you will need$\mathrm{.}4.$ Make a list of all of other expenses that would be needed to create yourproduct. Examples of other expenses would be rent, utilities, andinsurance. Estimate the cost of each of these expenses per year.

$5.$ Now classify all of the expenses you have listed as being either fixed orvariable. For mixed expenses, separate the expense into the fixedcomponent and the variable component$\mathrm{.}6.$ Calculate how many units of your product you will need to sell tobreakeven in each of the five years you have projected$7.$ Calculate the margin of safety in units for each of the five years in ourprojection$8.$ Now decide how much you would like to make in before $$tax$-$operatingincome $($target profit$)$ in each of the upcoming five years. Calculate howmany units you would need to sell in each of the upcoming years to meetthese target profit levels$\mathrm{.}9.$ How realistic is your potential venture? Do you think you would be able tobreak even in each of the projected five years? How risky is your venture$($use the margin of safety to help answer this question$).$ Do you think yourtarget profits are achievable?$10.$ Get another classmate or the business owner$/$manager you are workingwith to provide some constructive feedback. They should sign off on thisfeedback and include it in your project