25. Coug's Mart, a local supermarket, is considering an expansion project of adding a small deli shop inside the store. Coug's Mart owns a large corner space adjacent to the store and decides to utilize this corner space to host the deli shop. It acquired the corner space 5 years ago at a cost of $45,000. At the time of the purchase, Coug's Mart spent $12,000 on basic renovations, including pushing down a wall to link the space to the main store. The corner space can be rented out today and total value of renting income is estimated to be $55,000. Additional renovation costs will be $8,000 to make the deli shop functional and attractive. Coug's Mart has some unused kitchen equipment, which will be used for the deli project. This equipment can be sold for $9,500 today. Coug's Mart hired a local financial firm to help evaluate the deli project at a fee of $5,000. The company also spent another $2,000 to conduct surveys to analyze local demand for the deli shop. What is the amount of the total initial cash flow for this expansion project? A. $63,000 B. $72,500 C. $74,500 D. $79,500 E. None of the above

Property insurance protects property from unforeseeable loss or damage and covers property owners' liability. Property insurance provides financial compensation to the property owner or renter in the event of damage or theft, as well as to someone other …