17.9 Superconductor Inc. is planning to start on January 1, 2010, with an initial investment of $200,000

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17.9 Superconductor Inc. is planning to start on January 1, 2010, with an initial investment of $200,000 from its founder team. It projects sales of $12,000 in February 2010 and a growth rate of sales of 10 percent per month for the foreseeable future (at least two years). It expects to receive payment upon delivery for its unique devices. Its costs are $18,000 for its first month of operation, and it plans for a growth rate of expenses at 2 percent per month. Prepare a cash flow statement for the first 24 months of the firm, and determine if and when an additional investment would be required.

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