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3. A local restaurant is for sale fully equipped for $125,000. At the present time. You project you can earn a net return of $25,000

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3. A local restaurant is for sale fully equipped for $125,000. At the present time. You project you can earn a net return of $25,000 each of yean 1 through 6 (assume at the end of each year for simplieity. The place and equipment will be worth $30,000 when you are done using it at the end of year 6 . Calculate the net present value of the restaurant investment using a discount rate of 8%

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