You have just completed a $$25,000$ feasibility study for a new coffee shop in some retail space you own. You bought

the space two years ago for $$103,000,$ and if you sold it today, you would net $$116,000$ after taxes. Outfitting the space

for a coffee shop would require a capital expenditure of $$27,000$ plus an initial investment of $$4,600$ in inventory. What

is the correct initial cash flow for your analysis of the coffee shop opportunity?

Identify the relevant incremental cash flows below: $($Select all the choices that apply.$)$

A$.$ Capital expenditure to outfit the space.

B$.$ Amount you would net after taxes should you sell the space today.

C$.$ Price you paid for the space two years ago.

D$.$ Feasibility study for the new coffee shop.

E$.$ Initial investment in inventory.

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