Clinton Summerhayes is CFO for a newly formed golf club manufacturing company. Below is the anticipated monthly production for the first year of operation, and beyond. Clinton is interested in learning which of the first twelve months will require cash outlays of more than $25,000 toward the purchase of composite shafts. Each unit requires 4 board feet of composite material at $15.70 per board foot. All composite material is purchased in the month prior to its expected use. Composite shaft purchases are paid for 15% in the month of purchase, 80% in the month following the month of purchase, and 5% in the second month following the month of purchase. Month Units January February March April May June July August September October November December January 0 320 200 300 520 520 400 350 320 220 160 160 240 Which months will require cash outlays in excess of the $25,000 amount? Does the production in given month necessarily correspond to the cash flow for that same month? What are the business implications of your observation