ACCT225 Managerial Acct Spring 2019 Knight sections 1,2,3,4 Tristin Smith l51219 5 PM Accountin Homework: Chapter 12 Required Homework Save HW Score: 15.51%, 1.55 of 10 pts Score: 0 of 1 pt 5of8(300m plete) HEASTER Question Help * S12-10 (similar to) Loud Music is considering investing $600,000 in private lesson studios that wll have no residual value. The studios are expected to result in annual net cash nfows of $85,000 per year for the next nire years Assuming that Loud Music uses a 12% hunse rate, what is he net pesent value (NF0ofre studio investment? h, this a favorable investment? lenu Cick the icon to view the present alue table.) (Cick the loon to view the future value table.) (Click the icon to view the present value of on arruty table) (Chk te oon to wew the taro value of an annaty 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 nic Study mework a Quie/Test hedules Incorrect 0