17.11. The firm plans to start with an equity investment of

$1,000,000 and a five-year loan of $500,000. Determine the cash on hand at the end of each year. Also, determine the return on equity and the return on investment for each year.

17.4 A new venture is launched with an initial investment (cash on hand) of $80,000. It generates sales of $40,000 each month. It has monthly operating costs of $36,000. The firm purchases equipment costing $30,000 each month for the first 4 months.

Calculate the return on investment at the end of 12 months.

Determine if the cash on hand remains positive at the end of each month. What, if any, investment is required and when?