Assume you are a fund manager. You were recently approached by a new client who inherited $20 million from his grandfathers estate and is looking to invest $5 million outside of their employment-based income which is around $125,000 a year. Your client is 40 years old working as a software engineer for a reputable firm and because of his vast experience and professional qualifications, he has the potential to become the CEO of this firm in 10 years. The primary goal of your client is capital appreciation, and also require a cash need outside of his monthly salary every year for vacation plans. The annual vacation plan is budgeted at $170,000 for first class tickets for his entire family of 5 (wife and three children) and two weeks stay at a 7-star hotel. Your client plans to retire once he turns 67. Your client is looking for the development of an investment portfolio with a capital growth perspective and are also concerned about ongoing income or the tax-effectiveness of the portfolio. Your client mentioned specifically that he wouldnt mind losing if possible 50 percent or more of his portfolio valuation provided he will also stand a chance of growing his portfolio significantly in the future. He is outsourcing this investment to your firm not because he is a novice at investment in the financial market, in fact he has been actively involved in stock market trading for the past 6 years and he is familiar with the risks involved. Required 1) Construct an investment portfolio for your client using the Portfolio Management Process steps covered in Chapter 28. 2) Determine objectively the risk tolerance score for your client and on the basis of your score determine the appropriate asset allocation using the top-bottom approach. 3) For the equity portion of your asset allocation, use the top-down approach of fundamental analysis from Chapter 17 covered in week 2, to recommend the choice of stocks you planned to include in your clients portfolio. Limit your choice of stocks to stocks listed on the Toronto Stock Exchange. 4) In your choice of stocks make sure to have a fully diversified portfolio by including stocks that are negatively correlated (show the excel computation of correlation and covariance computation among the various stocks). 5) In your company analysis, do a trend analysis of key performance ratios of firms you planned to purchase for your client and comment on your findings. Your analysis should cover the period 2010 to 2021. 6) Do a projected portfolio evaluation using the historical data of the assets or securities chosen for your portfolio using the Jensen alpha method. 7) Conclude by explaining the vulnerability of your portfolio construction