3. THE COVID-19 & NOVA SCOTIA LOBSTER Lobster was Nova Scotia's most valuable export in 2019, but this year, export markets have ground to a halt due to COVID-19. The Provincial fisheries minister, Keith Colwell, has said that he is trying to find ways of supporting an industry that is collapsing under the pressures of the COVID-19 outbreak. Before the COVID-19 pandemic, the shore price or price paid to lobster fishers for their catch was $10.50 a pound. Suppose that the Province hires you to do an assessment of how the COVID-19 global pandemie has impacted the shore price of NS lobster. Please describe how you would build a Financial Model to ascertain the value (per pound) of NS lobster. Based on your valuation, what would be your recommended shore price for a pound of NS lobster? (5 Marks) 3. THE COVID-19 & NOVA SCOTIA LOBSTER Lobster was Nova Scotia's most valuable export in 2019, but this year, export markets have ground to a halt due to COVID-19. The Provincial fisheries minister, Keith Colwell, has said that he is trying to find ways of supporting an industry that is collapsing under the pressures of the COVID-19 outbreak. Before the COVID-19 pandemic, the shore price or price paid to lobster fishers for their catch was $10.50 a pound. Suppose that the Province hires you to do an assessment of how the COVID-19 global pandemie has impacted the shore price of NS lobster. Please describe how you would build a Financial Model to ascertain the value (per pound) of NS lobster. Based on your valuation, what would be your recommended shore price for a pound of NS lobster