You have just completed a $$23,000$ feasibility study for a new coffee shop in some retail space you own. You bought the space two years ago for $$97,000,$ and if you sold it today, you would net $$118,000$ after taxes. Outfitting the space for a coffee shop would require a capital expenditure of $$33,000$ plus an initial investment of $$5,400$ in inventory. What is the correct initial cash flow for your analysis of the coffee shop opportunity?

Identify the relevant incremental cash flows below: $($Select all the choices that apply.$)$

A$.$ Price you paid for the space two years ago.

$\text{'}$B$.$ Amount you would net after taxes should you sell the space today.

C$.$ Capital expenditure to outfit the space.

D$.$ Feasibility study for the new coffee shop.

E$.$ Initial investment in inventory.

Calculate the initial cash flow below: $($Select from the drop$-$down menus and round to the nearest dollar.$)$ The drop down options are: $($Capital Expenditure outfit of space, Capital Expenditure price of space, Change in net working capital, Feasibility study cost, and opportunity cost$)$

$$ $ $$

$

$$

$

$$

$4$ Free Cash Flow

$=$$quad