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 $96,000, and if you sold it today, you would net $115,000 after taxes. Outfitting the space for a coffee shop would require a capital expenditure of $33,000 plus an initial investment of $5,200 in inventory. What is the correct initial cash flow for your analysis of the coffee shop opportunity?

Calculate the initial cash flow below:(Select from the drop-down menus and round to the nearest dollar.)

1		$
2		$
3		$
4	Free Cash Flow	$