a favorable investment? Skyline Music is considering investing 5700.000 in private lesson studios that will have no residual value. The studios are expected to result in annual net cash inflows of 575.000 per year for the next ten years. Assuming that Skyline Music uses a 12% hurdle rate, what is the nat present value (NPV) of the studio investment is this 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 wholu dollar Use parentheses or a minus sign for a negative not present alie) The not present value of the studio investment is Since the NPV the studio investment Skyline Music's minimum required rate of return. Therefore, the investment is Present Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 Period 2 1.970 1.942 1913 1.886 1.859 1.833 1.783 1.736 1.6901.647 1.605 1.566 1.528 Period 3 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 2.246 2.174 2106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3,037 2.914 2.798 2.690 2.589 Period 5 4.853 4.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 3.433 3.2743.1272.991 Period 6 5.795 5.601 5.417 5.242 5.076 4.917 4.623 4.355 4.111 3.889 3.685 3.498 3.326 Period 7 6.726 6.472 6.230 6.002 5.786 5.5825.206 4.8684.564 4.288 4.039 3.812 3.605 Period 87.652 7.325 7.020 6.7336.463 6.210 5.747 5.335 4.968 4.6394.344 4.0783.837 Period 98.566 8.162 7.786 7.435 7.108 6.802 6.247 5.759 5.328 4.9464.607 4.3034031 Period 9.471 8.9838.530 8.1117.722 7.360 6.710 6.145 5.6505.2164.833 4.494 4.192 10 Period 10.368 9.787 9.2538.760 8.3067.887 7.139 6.495 5.938 5.453 5 029 4.656 4.327 11 Period 11.255 10.575 9.954 9.385 8.863 8 384 7.536 6.814 6.194 5.660 5.1974.793 4.439 12 Period 112.134 11.34810.6359.986 19.394188537.904 17 10316.42415.842153421 4.91014.533 The net present value of the studio investment is Since the NPV is the studio investment Skyline Music's minimum required rate of return. Therefore the investment is dous not provide provides (Click the icon to view the present value table.) (Click the icon to view the future value table.) us sign for a negative net present value.) cyline Music's minimum required rate of return. Therefore, the investment is favorable not favorable Customize Chrome