Question: The project requires to completing an Excel$-$based financial model template. Such models are extensively used in business planning, decision$-$making, and for obtaining business financing., making but also emphasizes critical thinking and general business skills. Specifically, the case has the following objectives: $(1)$ to obtain experience using Excel within aThe project requires to completing an Excel$-$based financial model template. Such models are extensively used in business planning, decision$-$making, and for obtaining business financing., making but also emphasizes critical thinking and general business skills. Specifically, the case has the following objectives: $(1)$ to obtain experience using Excel within a planning and decision context; $(2)$ to integrate a range of managerial and financial accounting concepts; and $(3)$ to reinforce financial statement relationships through linking projected financial statements.You will completing a financial planning model that is derived from a set of assumptions and link together statements of projected cash, income and balance sheets that articulate. An Excel template, which is available for downloading, is structured with a separate worksheet $($or tab$)$ for each of the following sections: Sheet $(1)$ Assumptions; Sheet $(2)$ Supporting Schedules; Sheet $(3)$ Projected Income Statement and Balance Sheet; and Sheet $(4)$ Projected Cash Flow.Sheet $(2)$ provides supporting schedules for detailed computations, which in turn links to the projected income statements and balance sheet contained within Sheet $(3),$ along with projected cash flow in Sheet $(4).$To work correctly, all cells of your model should be linked together via formulas, or cell references, across all worksheets. $($A $5$th sheet labeled, Graph contains data to produce a cost$-$volume$-$profit graph from current period, baseline information. You should use the ChartWizard in Excel to create the graph. The Excel template already contains the key assumptions as well as some formulas.Within a real$-$life practice situation, you would need to independently develop and obtain support for the necessary assumptions that have been provided to you. In Part I of the Excel case, you should complete the model formulas and linkages to Sheets $(2),(3)$ and $(4$To accomplish this, the financial model must articulate $($i$.$e$.,$ interconnect, or link$)$ across all schedules and statements. Thus, a change in assumption should flow through and automatically update all related schedules in Sheet $(2)$ and projected statements in Sheets $(3)$ and $(4).$ This requires entering formulas within the cells to calculate the required values, rather than hardcoding values into the cells.OUT$-$WEST PRODUCTS, INC. CASEYou're Hired!