Sonja Jensen is considering the purchase of a fast$-$food franchise. Sonja will be operating on a lot that is

to be converted into a parking lot in six years, but that may be rented in the interim for $$700$ per month.

The franchise and necessary equipment will have a total initial cost of $$56,000$ and a salvage value of

$$11,000($in today's dollars$)$ after six years. Sonja is told that the future annual general inflation rate will

be $4\%.$ The projected operating revenues and expenses $($in actual dollars$)$ other than rent and

depreciation for the business are given in the table below. Assume that the initial investment will be

depreciated under the five$-$year MACRS and that Sonja's tax rate will be $30\%.$ Sonja can invest her

money at a rate of at least $8\%$ in other investment activities during this inflation$-$ridden period.

Click the icon to view the projected operating revenues and expenses.

Click the icon to view the MACRS depreciation schedules.

$($a$)$ Determine the cash flows associated with the investment over its life. Fill in the table below. $($Round to

the nearest dollar.$)$