Frank and Betty Baker are preparing a plan to submit to venture capitalists to fund their business, Photo Masters. The company plans to spend 5250 000 on equipment in the first quarter of 20x7 Salaries and other pareng expenses paid as incurred will be 536.000 per month beginning in January 20X7 and will continue at that level thereafter. The company will receive its first revenues in January 20X cash collection sering 300 per month for all of 20X8 In January 20x9 cash collections are expected to increase to 5120.000 per month and continue at that level thereafter. Assume that the company noods enough funding to cover as canch receipts start exceeding cash disbursements Requirement 1. How much vere captanding should Frank and Boy Leave used as an Cash outflow during 20% Cashout during ZOXE Cash outlow during 20x0 DELL F10 FE F7 FS FO P F * A $ 4 % 5 6 ! 1 o 8 0 7 2 3 o > 1 Y T U W R Q E A G H Frank and Betty Baker are preparing a plan to submit to venture capitalists to fund their business, Photo Masters. The company plans to spend 5250 000 on equipment in the first quarter of 20x7 Salaries and other pareng expenses paid as incurred will be 536.000 per month beginning in January 20X7 and will continue at that level thereafter. The company will receive its first revenues in January 20X cash collection sering 300 per month for all of 20X8 In January 20x9 cash collections are expected to increase to 5120.000 per month and continue at that level thereafter. Assume that the company noods enough funding to cover as canch receipts start exceeding cash disbursements Requirement 1. How much vere captanding should Frank and Boy Leave used as an Cash outflow during 20% Cashout during ZOXE Cash outlow during 20x0 DELL F10 FE F7 FS FO P F * A $ 4 % 5 6 ! 1 o 8 0 7 2 3 o > 1 Y T U W R Q E A G H