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Today is 1 January 2 0 2 4 . Ella used $ 2 0 0 , 0 0 0 to purchase a florist business in

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Today is 1 January 2024. Ella used $200,000 to purchase a florist business in
Sydney. To operate this business, Ella needs to pay rent, maintenance costs, and
labor costs. Here are the details:
Rent will be paid by the end of each month with an amount of $2,000.
Labor cost will be paid by the end of each month with an amount of $10,000.
Maintenance cost will be paid by the end of each quarter with an amount of
$500.
Ella predicts that this florist franchise initially can have monthly revenue of
$13,000. Assume that Ella can obtain this amount by the end of each month.
Ella forecasts that this revenue amount will increase at the rate of y% p.a.
The revenue increase will only happen at the beginning of each year. For
example, this florist franchise initially has monthly revenue of $13,000 in 2024.
Then the revenue amount will become $13,000(1+y%) per month in 2025 and
$13,000(1+y%)2 per month in 2026.
Ella plans to run this business for three years and predicts that she can sell
this business on 1 January 2027 with an amount of $210,000.
a. Calculate the monthly net cash flows. Assume that Ella can reinvest all profit
at a rate of 4.5% p.a. Use Goal Seek to find revenue increasing rate y% p.a.
if Ella requires a holding period yield rate of 7.5% p.a. for this investment
(from 1 January 2024 to 1 January 2027). Label this sheet as "Part a".
Please show me how to complete this in Excel.
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