After working for years as a software developer at a leading tech company, your friend Alex is thinking about launching their own tech startup and has asked you to help with the financial analysis. To start the business, Alex will have to quit their current job, which pays $120k (i.e,, $120,000) a year.

Alex has $300k in savings, currently earning 5% annually, which they will need to invest in software development and infrastructure for the startup. They estimate that maintaining their servers and software infrastructure will cost $10k per year. Additionally, they would need to lease an office space in a downtown tech hub for $4,000 per month.

Alex owns a small commercial property on the outskirts of the city, which is currently rented out to a small business for $1,500 per month. If Alex launches their startup, they plan to move their team into this property and would lose the rental income.

They anticipate spending $150k a year for hiring software engineers, $50k for marketing, and $20k for administrative costs and utilities during the first year of operations.

a) How much revenue does Alex need to generate in the first year of operations to make it worthwhile to launch the tech startup? Explain. Be sure to show your work in your uploaded file.

b) In order to help project the revenue and decide whether to proceed with the startup, Alex asks you to conduct a five forces analysis on the industry.

What information or data do you need in order to conduct the analysis? Be as specific as possible, referring to concepts from class

c) Suppose you learn that another tech entrepreneur is considering developing a similar product to one of Alex's products but is having trouble raising funding to bring the product to market. (How) does that affect your five forces analysis? Give reasons for your answe