{
  "business": {
    "id": "bakery",
    "name": "Bakery",
    "category": "food-drink",
    "categoryName": "Food & drink",
    "number": "11",
    "format": "Leased retail bakery with on-site production, a focused bread-and-pastry mix and a fully paid production and counter team",
    "unit": "completed retail orders",
    "unitSingle": "completed retail order",
    "unitPeriod": "completed retail orders per trading day",
    "preparedOn": "September 11, 2026",
    "wageDriverSoc": "51-3011",
    "summary": "A neighborhood retail bakery producing a focused bread-and-pastry range on site and selling it directly through a staffed counter.",
    "promise": "Test whether the batch schedule, realized basket, sell-through and paid roster can support the fitted production premises.",
    "capacity": 220,
    "volume": 160,
    "price": 12.5,
    "days": 25,
    "variable": 0.359,
    "rent": 6000,
    "other": 5600,
    "maintenance": 1000,
    "bufferMonths": 2,
    "receivableDays": 0,
    "roles": [
      {
        "soc": "51-3011",
        "label": "Production lead and baker coverage",
        "hours": 400
      },
      {
        "soc": "35-3023",
        "label": "Two paid counter and utility workers",
        "hours": 400
      }
    ],
    "opening": [
      [
        "Design, plan-review and permit allowance",
        15000
      ],
      [
        "Tenant improvements and production utilities",
        125000
      ],
      [
        "Production, retail and dishwashing equipment",
        95000
      ],
      [
        "Equipment installation, freight and tax",
        20000
      ],
      [
        "Smallwares and opening inventory",
        8000
      ],
      [
        "Opening contingency",
        30000
      ]
    ],
    "depreciable": 260000,
    "trainingHours": 96,
    "capacityText": "The authored production plan uses a 220-order daily ceiling and a base case of 160 completed retail orders. The ceiling is a planning assumption, not a measured batch study or demand forecast. The actual limit is the lowest whole-order result supported by product mix, batch yields, paid production time, mixer and bench work, proofing, oven load, cooling, finishing, display replenishment and counter service. Finished goods are not earned revenue until customers buy them.",
    "exclusions": "Wholesale distribution, custom celebration cakes, a full café kitchen, table service, alcohol, delivery-platform commissions, packaged-food manufacturing, franchising and unpaid owner labor are outside this format.",
    "variableText": "29% ingredients, ordinary batch loss and packaging plus 3.9% payment fees and 3% freshness, discount and discard allowance; paid production and counter work remain in payroll",
    "otherText": "Utilities $2,000; insurance $700; software and administration $1,100; marketing $1,000; cleaning, waste, pest control and miscellaneous costs $800 per month. Maintenance investment is modeled separately at $1,000 per month.",
    "cashTimingText": "The reference assumes card or cash collection when a retail order is completed. Pre-orders, customer deposits, refunds, wholesale accounts, delivery-platform settlements and gift balances need separate earned-revenue, liability and collection schedules. Opening ingredients and packaging are funded upfront; replenishment is represented in variable costs.",
    "payrollNote": "Bakers is the production wage benchmark and Fast Food and Counter Workers is a broad retail-counter proxy. They do not establish a local hiring quote, skill mix, lawful schedule or employer obligation. The production lead, baker coverage and two counter and utility roles are paid across the complete production, retail and sanitation day; no owner labor is used to create capacity.",
    "demandQuestion": "Can the local product mix sell through at the realized basket before freshness loss while fitting every production stage and paid shift?",
    "demandSteps": [
      "Define saleable product cohorts, whole-batch yields, finished units, sold units, discounts, returns and discard reasons. Keep produced items, sold items and completed orders as separate measures.",
      "Run an authorized paid test or observe a closely comparable retail format by time interval. Record completed orders and realized baskets rather than treating general footfall or a full display as demand.",
      "Map each batch through scaling, mixing, resting, shaping, proofing, baking, cooling, finishing, display, replenishment and sanitation. Test every shared resource and paid hour."
    ],
    "launchSteps": [
      [
        "Product mix and whole-batch schedule",
        "Fix the bread-and-pastry range, batch size, saleable yield, realized prices, packaging, hold times, discount and discard rules. Map whole batches and paid work through every production stage and retail interval."
      ],
      [
        "Premises, equipment and food scope",
        "Obtain a measured fit-out and installed-equipment scope covering power or gas, ventilation, fire route, water, drainage, refrigeration, sinks, finishes, deliveries, storage, waste and customer flow. Resolve the actual use with the landlord, utilities and responsible food, building and fire authorities."
      ],
      [
        "Sell-through test and opening cash",
        "Produce the focused mix in a lawful test setting. Record finished, saleable, sold, discounted and discarded items, completed orders, realized baskets, paid hours and equipment exceptions before increasing the range or committing to the premises."
      ]
    ],
    "risks": [
      [
        "Production is not the same as demand",
        "A full rack or display creates inventory. Only sold products inside completed orders create earned retail revenue."
      ],
      [
        "More products can reduce usable capacity",
        "Additional recipes compete for mixer, bench, proofing, oven, cooling, finishing, display and paid labor time."
      ],
      [
        "A former food premises can still require major work",
        "The actual equipment loads, ventilation, fire systems, water, drainage, finishes and production use determine whether the address is usable."
      ]
    ],
    "pilot": {}
  },
  "state": {
    "fips": "25",
    "abbr": "MA",
    "name": "Massachusetts",
    "slug": "massachusetts",
    "region": "Northeast",
    "population2025": 7154084,
    "population2024": 7138560,
    "populationChange": 15524,
    "populationGrowthPct": 0.21746682804375528,
    "wages": {
      "11-9051": {
        "soc": "11-9051",
        "title": "Food Service Managers",
        "hourly_median": 44.35,
        "hourly_mean": 44.14,
        "hourly_p25": 35.31,
        "hourly_p75": 49.48,
        "employment": 4310,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 14845
        }
      },
      "35-2014": {
        "soc": "35-2014",
        "title": "Cooks, Restaurant",
        "hourly_median": 21.92,
        "hourly_mean": 21.85,
        "hourly_p25": 18.45,
        "hourly_p75": 23.58,
        "employment": 29570,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15223
        }
      },
      "35-3023": {
        "soc": "35-3023",
        "title": "Fast Food and Counter Workers",
        "hourly_median": 17.24,
        "hourly_mean": 17.25,
        "hourly_p25": 16.23,
        "hourly_p75": 17.78,
        "employment": 85810,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15228
        }
      },
      "35-9021": {
        "soc": "35-9021",
        "title": "Dishwashers",
        "hourly_median": 17.88,
        "hourly_mean": 18.8,
        "hourly_p25": 17.16,
        "hourly_p75": 20.15,
        "employment": 14100,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15232
        }
      },
      "37-1011": {
        "soc": "37-1011",
        "title": "First-Line Supervisors of Housekeeping and Janitorial Workers",
        "hourly_median": 28.73,
        "hourly_mean": 28.85,
        "hourly_p25": 22.95,
        "hourly_p75": 32.76,
        "employment": 4000,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15236
        }
      },
      "37-2011": {
        "soc": "37-2011",
        "title": "Janitors and Cleaners, Except Maids and Housekeeping Cleaners",
        "hourly_median": 21.91,
        "hourly_mean": 21.75,
        "hourly_p25": 18.06,
        "hourly_p75": 23.9,
        "employment": 55490,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15238
        }
      },
      "39-5012": {
        "soc": "39-5012",
        "title": "Hairdressers, Hairstylists, and Cosmetologists",
        "hourly_median": 17.93,
        "hourly_mean": 23.9,
        "hourly_p25": 16.8,
        "hourly_p75": 29.01,
        "employment": 9600,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15261
        }
      },
      "53-7061": {
        "soc": "53-7061",
        "title": "Cleaners of Vehicles and Equipment",
        "hourly_median": 18.57,
        "hourly_mean": 19.48,
        "hourly_p25": 17.5,
        "hourly_p75": 20.75,
        "employment": 5100,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15572
        }
      },
      "11-1021": {
        "soc": "11-1021",
        "title": "General and Operations Managers",
        "hourly_median": 61.16,
        "hourly_mean": 74.53,
        "hourly_p25": 39.51,
        "hourly_p75": 95.93,
        "employment": 95880,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 14824
        }
      },
      "51-6011": {
        "soc": "51-6011",
        "title": "Laundry and Dry-Cleaning Workers",
        "hourly_median": 18.02,
        "hourly_mean": 18.34,
        "hourly_p25": 17.27,
        "hourly_p75": 18.72,
        "employment": 3700,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15486
        }
      },
      "11-9031": {
        "soc": "11-9031",
        "title": "Education and Childcare Administrators, Preschool and Daycare",
        "hourly_median": 33.81,
        "hourly_mean": 35.04,
        "hourly_p25": 27.45,
        "hourly_p75": 38.22,
        "employment": 2260,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 14840
        }
      },
      "25-2011": {
        "soc": "25-2011",
        "title": "Preschool Teachers, Except Special Education",
        "hourly_median": 22.06,
        "hourly_mean": 23.3,
        "hourly_p25": 18.19,
        "hourly_p75": 23.36,
        "employment": 18710,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15048
        }
      },
      "39-9011": {
        "soc": "39-9011",
        "title": "Childcare Workers",
        "hourly_median": 19.66,
        "hourly_mean": 20.47,
        "hourly_p25": 17.95,
        "hourly_p75": 23.04,
        "employment": 13140,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15268
        }
      },
      "39-2021": {
        "soc": "39-2021",
        "title": "Animal Caretakers",
        "hourly_median": 19.06,
        "hourly_mean": 21.67,
        "hourly_p25": 17.7,
        "hourly_p75": 22.96,
        "employment": 6900,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15251
        }
      },
      "37-1012": {
        "soc": "37-1012",
        "title": "First-Line Supervisors of Landscaping, Lawn Service, and Groundskeeping Workers",
        "hourly_median": 30.65,
        "hourly_mean": 33.54,
        "hourly_p25": 28.36,
        "hourly_p75": 38.12,
        "employment": 2510,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15237
        }
      },
      "37-3011": {
        "soc": "37-3011",
        "title": "Landscaping and Groundskeeping Workers",
        "hourly_median": 23.4,
        "hourly_mean": 24.3,
        "hourly_p25": 21.82,
        "hourly_p75": 28.13,
        "employment": 22880,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15242
        }
      },
      "51-3011": {
        "soc": "51-3011",
        "title": "Bakers",
        "hourly_median": 18.33,
        "hourly_mean": 19.85,
        "hourly_p25": 17.56,
        "hourly_p75": 21.83,
        "employment": 6070,
        "source": {
          "file": "bls-state-2025.zip",
          "workbook": "oesm25st/state_M2025_dl.xlsx",
          "sheet": "state_M2025_dl",
          "row": 15451
        }
      }
    },
    "governmentDirectory": "https://www.usa.gov/states/massachusetts"
  },
  "sourceUrls": {
    "wages": "https://www.bls.gov/oes/special-requests/oesm25st.zip",
    "nationalWages": "https://www.bls.gov/oes/special-requests/oesm25nat.zip",
    "population": "https://www2.census.gov/programs-surveys/popest/datasets/2020-2025/state/totals/NST-EST2025-ALLDATA.csv",
    "wageDefinitions": "https://www.bls.gov/oes/2025/may/oes_tec.htm"
  },
  "scope": "State observations plus authored commercial assumptions; not verified local startup costs.",
  "researchStatus": {
    "methodology": {
      "id": "state-research-v1",
      "status": "approved",
      "sha256": "070630227e550d1c97452d0b1e5cb807e85119cea7227775336507657e6097dd",
      "approvedOn": "2026-09-06"
    },
    "status": "local_evidence_not_collected",
    "recordUrl": "/data/research/bakery__massachusetts.json",
    "financialResultStatus": "legacy_reference_assumptions"
  },
  "calculation": {
    "inputs": {
      "volume": 160,
      "price": 12.5,
      "rent": 6000,
      "variable": 0.359,
      "wageMultiplier": 1
    },
    "roles": [
      {
        "soc": "51-3011",
        "label": "Production lead and baker coverage",
        "hours": 400,
        "hourly": 18.33
      },
      {
        "soc": "35-3023",
        "label": "Two paid counter and utility workers",
        "hours": 400,
        "hourly": 17.24
      }
    ],
    "hours": 800,
    "wages": 14227.999999999998,
    "payroll": 16789.039999999997,
    "fixed": 28389.039999999997,
    "depreciation": 4333.333333333333,
    "training": 2014.6847999999995,
    "opening": [
      [
        "Design, plan-review and permit allowance",
        15000
      ],
      [
        "Tenant improvements and production utilities",
        125000
      ],
      [
        "Production, retail and dishwashing equipment",
        95000
      ],
      [
        "Equipment installation, freight and tax",
        20000
      ],
      [
        "Smallwares and opening inventory",
        8000
      ],
      [
        "Opening contingency",
        30000
      ],
      [
        "Refundable deposit (two months of occupancy)",
        12000
      ],
      [
        "Paid pre-opening training",
        2014.6847999999995
      ]
    ],
    "openingTotal": 307014.6848,
    "monthlyUnits": 4000,
    "ceiling": 5500,
    "revenue": 50000,
    "contribution": 32050,
    "ebitda": 3660.9600000000028,
    "ebit": -672.3733333333303,
    "breakEvenRevenue": 51048.9443577743,
    "breakEvenUnits": 4083.9155486219443,
    "breakEvenDaily": 163.35662194487776,
    "breakEvenUtilization": 0.7425300997494444,
    "utilization": 0.7272727272727273,
    "peakDeficit": 38936.69999999998,
    "deficitMonth": 5,
    "buffer": 56778.079999999994,
    "reserve": 95714.77999999997,
    "funding": 402729.46479999996,
    "payback": null,
    "year1": {
      "revenue": 516500,
      "ebit": -61591.97999999995,
      "cash": -21591.979999999956
    },
    "months": [
      {
        "month": 1,
        "units": 1600,
        "revenue": 20000,
        "ebitda": -15569.039999999997,
        "ebit": -19902.37333333333,
        "receivables": 0,
        "workingCapital": 0,
        "cash": -16569.039999999997,
        "cumulative": -16569.039999999997,
        "projectCumulative": -323583.72479999997
      },
      {
        "month": 2,
        "units": 2200,
        "revenue": 27500,
        "ebitda": -10761.539999999997,
        "ebit": -15094.87333333333,
        "receivables": 0,
        "workingCapital": 0,
        "cash": -11761.539999999997,
        "cumulative": -28330.579999999994,
        "projectCumulative": -335345.2648
      },
      {
        "month": 3,
        "units": 2800,
        "revenue": 35000,
        "ebitda": -5954.039999999997,
        "ebit": -10287.37333333333,
        "receivables": 0,
        "workingCapital": 0,
        "cash": -6954.039999999997,
        "cumulative": -35284.619999999995,
        "projectCumulative": -342299.3048
      },
      {
        "month": 4,
        "units": 3280,
        "revenue": 41000,
        "ebitda": -2108.0399999999972,
        "ebit": -6441.37333333333,
        "receivables": 0,
        "workingCapital": 0,
        "cash": -3108.0399999999972,
        "cumulative": -38392.65999999999,
        "projectCumulative": -345407.34479999996
      },
      {
        "month": 5,
        "units": 3600,
        "revenue": 45000,
        "ebitda": 455.96000000000276,
        "ebit": -3877.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": -544.0399999999972,
        "cumulative": -38936.69999999998,
        "projectCumulative": -345951.3848
      },
      {
        "month": 6,
        "units": 3840,
        "revenue": 48000,
        "ebitda": 2378.9600000000028,
        "ebit": -1954.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 1378.9600000000028,
        "cumulative": -37557.739999999976,
        "projectCumulative": -344572.4248
      },
      {
        "month": 7,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -34896.77999999997,
        "projectCumulative": -341911.46479999996
      },
      {
        "month": 8,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -32235.819999999967,
        "projectCumulative": -339250.50479999994
      },
      {
        "month": 9,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -29574.859999999964,
        "projectCumulative": -336589.5448
      },
      {
        "month": 10,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -26913.89999999996,
        "projectCumulative": -333928.58479999995
      },
      {
        "month": 11,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -24252.93999999996,
        "projectCumulative": -331267.62479999993
      },
      {
        "month": 12,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -21591.979999999956,
        "projectCumulative": -328606.66479999997
      },
      {
        "month": 13,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -18931.019999999953,
        "projectCumulative": -325945.70479999995
      },
      {
        "month": 14,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -16270.05999999995,
        "projectCumulative": -323284.7447999999
      },
      {
        "month": 15,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -13609.099999999948,
        "projectCumulative": -320623.7847999999
      },
      {
        "month": 16,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -10948.139999999945,
        "projectCumulative": -317962.82479999994
      },
      {
        "month": 17,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -8287.179999999942,
        "projectCumulative": -315301.8647999999
      },
      {
        "month": 18,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -5626.219999999939,
        "projectCumulative": -312640.9047999999
      },
      {
        "month": 19,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -2965.2599999999366,
        "projectCumulative": -309979.94479999994
      },
      {
        "month": 20,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": -304.2999999999338,
        "projectCumulative": -307318.9847999999
      },
      {
        "month": 21,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 2356.660000000069,
        "projectCumulative": -304658.0247999999
      },
      {
        "month": 22,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 5017.620000000072,
        "projectCumulative": -301997.06479999993
      },
      {
        "month": 23,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 7678.5800000000745,
        "projectCumulative": -299336.1047999999
      },
      {
        "month": 24,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 10339.540000000077,
        "projectCumulative": -296675.1447999999
      },
      {
        "month": 25,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 13000.50000000008,
        "projectCumulative": -294014.18479999993
      },
      {
        "month": 26,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 15661.460000000083,
        "projectCumulative": -291353.2247999999
      },
      {
        "month": 27,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 18322.420000000086,
        "projectCumulative": -288692.2647999999
      },
      {
        "month": 28,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 20983.38000000009,
        "projectCumulative": -286031.3047999999
      },
      {
        "month": 29,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 23644.34000000009,
        "projectCumulative": -283370.3447999999
      },
      {
        "month": 30,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 26305.300000000094,
        "projectCumulative": -280709.3847999999
      },
      {
        "month": 31,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 28966.260000000097,
        "projectCumulative": -278048.4247999999
      },
      {
        "month": 32,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 31627.2200000001,
        "projectCumulative": -275387.4647999999
      },
      {
        "month": 33,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 34288.1800000001,
        "projectCumulative": -272726.5047999999
      },
      {
        "month": 34,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 36949.1400000001,
        "projectCumulative": -270065.5447999999
      },
      {
        "month": 35,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 39610.10000000011,
        "projectCumulative": -267404.5847999999
      },
      {
        "month": 36,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 42271.060000000114,
        "projectCumulative": -264743.6247999999
      },
      {
        "month": 37,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 44932.02000000012,
        "projectCumulative": -262082.66479999985
      },
      {
        "month": 38,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 47592.98000000013,
        "projectCumulative": -259421.70479999986
      },
      {
        "month": 39,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 50253.94000000013,
        "projectCumulative": -256760.74479999987
      },
      {
        "month": 40,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 52914.90000000014,
        "projectCumulative": -254099.78479999985
      },
      {
        "month": 41,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 55575.860000000146,
        "projectCumulative": -251438.82479999983
      },
      {
        "month": 42,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 58236.82000000015,
        "projectCumulative": -248777.86479999984
      },
      {
        "month": 43,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 60897.78000000016,
        "projectCumulative": -246116.90479999984
      },
      {
        "month": 44,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 63558.740000000165,
        "projectCumulative": -243455.94479999982
      },
      {
        "month": 45,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 66219.70000000017,
        "projectCumulative": -240794.9847999998
      },
      {
        "month": 46,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 68880.66000000018,
        "projectCumulative": -238134.0247999998
      },
      {
        "month": 47,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 71541.62000000018,
        "projectCumulative": -235473.06479999982
      },
      {
        "month": 48,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 74202.58000000019,
        "projectCumulative": -232812.1047999998
      },
      {
        "month": 49,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 76863.5400000002,
        "projectCumulative": -230151.14479999978
      },
      {
        "month": 50,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 79524.5000000002,
        "projectCumulative": -227490.18479999978
      },
      {
        "month": 51,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 82185.46000000021,
        "projectCumulative": -224829.2247999998
      },
      {
        "month": 52,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 84846.42000000022,
        "projectCumulative": -222168.26479999977
      },
      {
        "month": 53,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 87507.38000000022,
        "projectCumulative": -219507.30479999975
      },
      {
        "month": 54,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 90168.34000000023,
        "projectCumulative": -216846.34479999976
      },
      {
        "month": 55,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 92829.30000000024,
        "projectCumulative": -214185.38479999977
      },
      {
        "month": 56,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 95490.26000000024,
        "projectCumulative": -211524.42479999975
      },
      {
        "month": 57,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 98151.22000000025,
        "projectCumulative": -208863.46479999973
      },
      {
        "month": 58,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 100812.18000000025,
        "projectCumulative": -206202.50479999973
      },
      {
        "month": 59,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 103473.14000000026,
        "projectCumulative": -203541.54479999974
      },
      {
        "month": 60,
        "units": 4000,
        "revenue": 50000,
        "ebitda": 3660.9600000000028,
        "ebit": -672.3733333333303,
        "receivables": 0,
        "workingCapital": 0,
        "cash": 2660.9600000000028,
        "cumulative": 106134.10000000027,
        "projectCumulative": -200880.58479999972
      }
    ],
    "matureCash": 2660.9600000000028
  }
}