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Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is...

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Accounting

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Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is listed for sale at $900,000 with the help of his accountant, Bruce projects the net cash flows (cash inflows less cash outflows) from the restaurant to be the following amounts over the next 10 years Years Amount 1.6 $ 88,000 each year) 188,000 98,000 7 8 9 10 118,000 128,000 Bruce expects to sell the restaurant after 10 years for an estimated $1,180,000 EV of $1. PV OL SI, EVA of $1. and PVA of $.1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Required: 1-a. Calculate the total present value of the net coth flows if Bruce wants to fioke at least 12% annually on his investment . (Assume all cash flows occur at the end of each year) Total procent value

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