Financial data for a company is provided below:

Cash, end of year, $500,000

Estimation of yearly cash expenses from negative cash flows from operations on statement of cash flows, $(155,000)

Cash, beginning of year, $400,000

Accounts receivable, $10,000

Inventory, $20,000

Net Income for the year

How many months will the company be able to continue without positive cash flows or additional financing (round to nearest whole month)?

12 months

25 months

39 months

16 months