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Hope Music is considering investing $750,000 in private lesson studios that wil have no residual...

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Accounting

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Hope Music is considering investing $750,000 in private lesson studios that wil have no residual value. The studios are expected to result in annuat net cash inflows of $115,000 per year for the next ten years. Assuming that Hope Music uses a 12\% hurdle rale, what is the net gresent value (NPV) of the studio investment? is this a favorable invesiment? (Click the icon to view the present value of an annuity table.) (Click the icon to view the present value table.) (Click the icon to view the future value of an annuity table.) (Click the icon to view the future value table.) (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) The net present value of the studio investment is Reference Reference Reference Reference

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