Three part Question. It is one question. Please answer all parts.

Answer and post your response to the following three part question:

Part 1

• You decide to start your own business. You decide that you want to start a coffee shop and want to determine if it is a good economic decision.

• What are the types of cash flows associated with opening the store (consider only the initial cash flows that occur to get the store ready to open)?

Part 2

• What types of cash flows are associated with running the store once the store is operating? How much would you sell your coffee for? How many cups would you sell per day? What is the cost of producing that coffee? Are there other sources of revenue or expenses?

Part 3

• What types of cash flows are associated with closing or selling the store? Are there tax implications of selling the store? Are you taxed on the sale price?