Exhibit 3: Financial Analysis `unda: Startup Costs: Cash from Cracium $14.000 Initial Equipment Costs" $48,777 Total Deficit = ($17.396) Loan 24.000 Debit Credit Card Machine 5.000 Total $38.000 Insurance 1.619 Total $55,396 Conclusion: Elite is starting a business venture that has high costs. With the large amount of expenses, Elite is entering the world of fitness with deficit of $17,396. The amount of clients for the first year is based on the zesumption of no growth ?) as stated in the case An average of 23 is