1. Spoon Restaurant is considering to open a bakery shop in student union builing of YU. The initial investment for this new business is estimated as $525,000.

2. For the first 3 years, no income is expected, but starting at the end of the year 4, yearly income $721,000 is expected for the next 3 years.Since this business is risky,

3. Spoon Restaurant assumes the required rate of return 17%.

4. Calculate the Net Present Value of this project