Chapter 3: Application Challenge A non-profit organization is about to lose $240,000 a year from a grant that expires soon. These funds cover the payroll for 5 employees. The organization has the following resources: $1 Million dollars cash reserve Their current customers' portfolio generates $13,000 a month. A portion of this portfolio could be sold for an estimated amount of $500,000 A second business operation of the organization generates profits of $11,000 a month, but these funds are usually needed to cover other operational costs as well. Using the Time Value of Money principles, and a conservative market rate of return of 5%, what's the best course of action for this nonprofit? What would it take to generate the $240,000/yr, if the management believes it will take 5 years (at least) to create new revenue sources