12. You are planning to start a new business and have the following estimated capital expenditures: I. Manufacturing equipment purchases: $30,000 II. Legal Fees: $10,000 III. Outsourced software development: $120,000 IV. Office equipment and supplies: $10,000 You also expect to break-even in month 12. Until your break-even point, you estimate a total operating loss of $120,000. How much money do you need to raise to launch and run your business?

Select one: a. $170,000 b. $200,000 c. $290,000 d. $120,000