You are asked to develop a cost estimate for the following project: After starting two businesses that succeeded, and two that failed, you are ready to start number 5. From past experience you know how important it is to have good cost estimates for any project. The project is to start a chain of grocery stores that a. Don't take up a lot of space, with all shopping on the first floor. b. Carry a wide variety of foods, with little space for non-food items. Sell fresh, frozen, refrigerated as well as boxed/canned/bagged goods that are not perishable (potato chips and canned soup for example) c. Assume you will move into an existing building, but that it will need to be modified for use for groceries. Assume there is room for storage on the second floor. You will need to include the purchase price for the building in your cost estimate. Online listings should help with this. You need to provide space for parking as well. You can assume you are only doing on-site sales, and do not need internet access. You will need to include labor costs, including benefits. Reasonable estimates for the number of people working at one time should be made. You will hire only full time employees. Some tasks, such as stocking shelves and serving customers at the cash register will have a learning curve. There are a lot of assumptions and decisions you will need to make. I recommend starting with a list of what you want in terms of inventory, property, equipment (don't forget cash registers), employees, etc. You might do a rough sketch of a layout. You will most likely need to borrow money to purchase the building, but have some reserves to purchase equipment