ask an expertHelga is considering the purchase of a small restaurant. The purchase price listed by the seller is $$940,000.$ Helga

has used past financial information to estimate that the net cash flows $($cash inflows less cash outflows$)$ generated by

the restaurant would be as follows:

If purchased, the restaurant would be held for $10$ years and then sold for an estimated $$840,000.$

Required:

Determine the present value, assuming that Helga desires a $10\%$ rate of return on this investment. $($Assume that all

cash flows occur at the end of the year.$)$

Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. Use

tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$