2. Ricardo Martinez has prepared the following financial statement projections as part of his business plan for starting the Martinez Products Corporation. The venture is to manufacture and sell electronic components that make standard overhead projectors "smart" by allowing them to operate through voice command. Below are Martinez Products projected financial statements: Martinez Products Corporation Projected income statement for year $200,000 Sales COGS -100,000 Operating expense Depreciation Interest expense -75,000 -4,000 -1000 20,000 -5,000 EBIT es (25%) Net income 15,000 Martinez Products Corporation Projected balance sheet for year 1 $10,000 $15,000 Cash A/P A/R 20,000 20,000 Accrued liabilities 10,000 Bank loans Inventories 10,000 Total current assets Total current liabilities 50,000 35,000 Gross fixed assets Common stock 53,000 54,000 Retained earnings Accumulated depreciation 4,000 12,000 65,000 Net fixed assets Total equity Total liabilities & equity 50,000 100,000 Total assets 100,000 A. What is Martinez Products expected monthly cash burn rate? How long can Martinez Products maintain this cash burn rate without additional financing