Ivanhoe, Inc., is considering opening up a new convenience store in downtown New York City. The expected annual revenue at the new store is $$720,000.$ To estimate the increase in working capital, analysts estimate that for firms in the same industry the ratio of cash and cash equivalents to revenue is $0\mathrm{.}03$ and the ratios of receivables, inventories, and payables to revenue are $0\mathrm{.}05,0\mathrm{.}10,$ and $0\mathrm{.}04,$ respectively. Applying these industry estimates Ivanhoe, Inc., what is the expected incremental cash flow related to working capital when the store is opened?

Incremental cash flow

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