Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is listed for sale at $950,000. With the help of his accountant, Bruce projects the net cash flows (cash inflows less cash outflows) from the restaurant to be the following amounts over the next 10 years:

Years	Amount
1-6	$ 80,000	(each year)
7	90,000
8	100,000
9	110,000
10	120,000
Bruce expects to sell the restaurant after 10 years for an estimated $1,100,000. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Calculate the total present value of the net cash flows if Bruce wants to make at least 10% annually on his investment. (Assume all cash flows occur at the end of each year.) Total Present Value: _____?_____