Calculate the projected burn rate for each of the following businesses:

a. Application developer for iPhones with $550,000 cash on hand, no revenues, and cash outflows of $50,000 per month = $550,000/$50,000 = 11 months

b. b.Bookstore with $35,000 cash on hand, $3,000 per month in revenues, and cash outflows of $5,000 per month = $35,000/($3,000-$5,000) = $35,000/2= 17.5 months

c. Restaurant with $1,000 cash on hand, $40,000 per month in revenues, and cash outflows of $42,000 per month = $1,000/($40,000-$42,000) = 1,000/2,000 = ½ month