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Suppose you are the only owner of a chain of coffee shops near gniversities. Your current cafes are doing.well, but you are interested in starting

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Suppose you are the only owner of a chain of coffee shops near gniversities. Your current cafes are doing.well, but you are interested in starting a fine-dining restaurant. You decide to use the cast generated from your existing business to enter into a new business, Your accountant provides you with the following data on your current financial performance: Financial update as of June 15 * Your existing business generates $111,000 in EUIT. - The corporate tax rate appliceble to your business is 35%. - The depreciotion expense reported in the financiai statements is $21,143. - You don' need to spend anp money for new equipment in your existing cafes; however, you do need $16,650 of additional cash. - You also need to purchase s8, 8e0 in additional supplles-such as cloth, tableciothes and napkins, and more formal tableware-an crodit. - It is also estimated that your accruais, including toxes and wages payabie, wien increase by 55,550. Based on your azbiuation you have in free cash fowi

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