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 $800 per month. The franchise and necessary equipment will have a total initial cost of $55,000 and a salvage value of $10,000 (in today's dollars) after six years. Sonja is told that the future annual general inflation rate will be 5%. The projected operating revenues and expenses (in actual dollars) other than rent and depreciation for the business represented 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 10% 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.) More Info 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 $800 per month. The franchise and necessary equipment will have a total initial cost of $55,000 and a salvage value of $10,000 (in today's dollars) after six years. Sonja is told that the future annual general inflation rate will be 5%. The projected operating revenues and expenses (in actual dollars) other than rent and depreciation for the business represented 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 10% 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.) More Info