Sung Kim has run a forklift repair compary for years, but she is bored with it and wants to branch out into something new. Her business line of credit has $20,000 of avalable funds at 6%, and she wants at least an B\% return on top of that. She is very excited about the idea of buying a smal traller to put in the parking kot of her business. She wil sound-proof it, lease air time, and run a tak radio show late at night when she: can get air time cheaply. She estimates the folowing cash flows: Her spouse and business partner wants her to nvest in a used of-buring furnace that wil both heat the shop and provide abditonal revenue by charging a fee to dispose of used oil for other companies. Local businesses are lined up to sell used of to Independent Forkift right now, but someone eise nuay grab this opportunity if If doos not. Cash fiows from the oil burnet are projected to be: Her spouse and business partner wants her to irvest in a used ol-burning furnace that will both heat the shop and provide additional revenue by charging a feo to dispose of used oil for other companies. Local businesses are lined up to sell ised of to independent Forkift right now, but someone else may grab this opportunity it If does not. Cash flows from the oil burnet are projected to be: Both options cost $20,000. Boch options have a four-year tme horizon. At the end of four years. the talk-radio trailer will have no residuat value. The oi burner can be sold for $6,000. Sumg can only do one or the other, She is really only ingerested in the talk radio and sees that as a way to retere trom the forklat repair bushess. She's done her reseaech and is contident she can make a go of it. Make a recommendation to Sung Kin. Choose one or the other option and justily it to her. Make sure you discuss the pros and cons of both options, but also make sure you choose any one. Address the following in your answer. Phase 1 - Screening 1. Begin with the larger picture 2. Identily and evaluate potential oppoctunities 3. Screen opportunities Phase 2 - Analysis 4. Estimate operating and implementation costs 5. Estimale cash flow 6. Assessment Phase 3 - Implementation 7. Select the project 8. Implement the project 9. Re-evaluate the decision For step 9. depending on which option you recommended, do an alter-action review based on the following actual results tour years later: Talk Radio 7. Select the project 8. Impiement the project 9. Re-evaluale the decision For step 9, depending on which option you recornmended, do an aftef-action review besed on the following actual results four years later: Talk Ractio Oil Bumer - soid for $4,000 at the end of 4 years