Question: Integrated Technologies Inc. ( ITI ) is a new startup that is developing and introducing new products in the consumer electronics category. This company does

Integrated Technologies Inc. (ITI) is a new startup that is developing and introducing new products in the consumer electronics category. This company does the design work for new products, but outsources all of the production.
There are only 5 employees working out of an office space. Rent is $2,000 per month
Utilities are $300 per month.
Their investor has invested $4.5million for a 30% stake in the company. $2.5million is available in month 1 and the other $2million will be made available in $500,000 chunks every 6 months (in month 6 and month 12) as long as the team stays on track for profitability.
The investor will provide another $5million once the company brings a new version of their product to market

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