24. An applicant or prospective loan fund borrower proposes anew business starti

24. An applicant or prospective loan fund borrower proposes anew business starting with income and expenses reflected in abusiness pro forma. The expenses are $1000 per month for rentgrowing at 5% per year $3000 in annual salaries growing at 3% peryear and $80000 annually in other overhead expenses that willremain flat. By Year 3 how much income will have to be generatedto cover all expenses.