Calculating cash flows at the start Pineapple Corporation (PINE) is considering opening a new juice bar. The new juice bar costs $100,000 immediately. Over the past two months, PINE has already incurred expenses of $5,500 relating to research and surveys used to identify the popularity of new juice flavours to be served at the new juice bar. Managers want to use debt to help fund the opening of the new juice bar. The annual principal and interest payments associated with this debt will total $10,000. Assume the company tax rate is 30%. PINE will have a promotional event on the day the new juice bar opens. The promotional event will cost $5,000 (this cost is a tax deductible expense), and will include a celebrity appearance from Elle Macpherson. Managers have suggested that this promotional event expense be spread out equally over the eight-year analysis period. If the new juice bar goes ahead, PINE must immediately dispose of redundant kitchen equipment valued at $20,000 today. The kitchen equipment initially cost $60,000 five years ago and is fully depreciated for tax purposes. For the new juice bar, the accounts payable balance will decrease from the current level of $23,000 to $21,000 if the new juice bar proceeds. In addition, PINE forecasts that $10,000 of inventory will be required, and an additional $3,000 of accounts receivable will be required today on top of the existing level of $4,000. 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].