Calculating 'cash flows at the start'

Adrenaline Corporation (ADR) provides racing car experiences is considering whether to buy a new supercar. The new supercar has a purchase price of $300,000.

The new supercar will result in a decrease in trade receivables for the company from $8,500 to $6,500. ADR predicts that inventory will increase by $10,000 to $23,500.

If the new supercar is purchased, ADR will sell used super car parts which they have and which is not compatible with the new supercar. This used supercar parts has a current value of $35,000. and has been fully depreciated for tax purposes.

ADR plans to borrow $200,000 in debt to help fund the purchase of the new supercar. The principal and interest repayments on the debt are $10,000 per annum.

The new supercar has a useful life of 10 years. Assume the company tax rate is 30%.

Last month, ADR paid a consulting firm $5,500 to assess demand for new supercar experiences.

ADR will build a secure garage to park the supercar. The secure garage will cost $150,000 and can be depreciated on a straight-line basis over 25 years.

In order to be able to operate the new supercar, the two professional car drivers which work for ADR immediately need to undertake a one-day training class. The training costs are tax deductible, and will cost a $2,000 per driver.

What are the 'cash flows at the start'?

[Describe and list separately each cash flow and the corresponding amount on a new line, as in lecture and tutorial examples.]

[Where applicable, show as much working out as possible, otherwise you may be penalised].