Calculating 'cash flows at the start'

Marquee Company (MARQ) is considering opening a new club.

Over the past two months, MARQ has already incurred expenses of $2,000 relating to market research used to identify new cocktail combinations to be served at the new club.

MARQ will have a promotional event on the day the new club opens, and will include an appearance from Australian movie star Margot Robbie. The promotional event will cost $5,000 (this cost is a tax deductible expense).

The new club costs $100,000 today. If the new club goes ahead, MARQ must immediately dispose of old furniture valued at $20,000 today. The old furniture initially cost $45,000 five years ago and is fully depreciated for tax purposes.

For the new club, MARQ predicts that $10,000 of inventory will be required today, and an additional $3,000 of trades receivable will be required today on top of the existing level of $5,000.

Managers want to raise equity to help fund the opening of the new club. MARQ will pay dividends of $0.05 per share to the shareholders every year. MARQ have 100,000 shares on issue.

For the new club, the trade payable balance will decrease from the current level of $7,500 to $5,500 if the new club proceeds. Assume the company tax rate is 30%.

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].