You have just completed a $16,000 feasibility study for a new coffee shop in some retail space you own. You bought the space two years ago for $100,000,

and if you sold it today, you would net $118,000 after taxes. Outfitting the space for a coffee shop would require a capital expenditure of $31,000

plus an initial investment of $4,800 in inventory. What is the correct initial cash flow for your analysis of the coffee shop opportunity?

Calculate the initial cash flow below:(Select from the drop-down menus and round to the nearest dollar.)

	Capital Expenditure (outfit of space)
	Opportunity Cost.
	Change in Net Working Capital