Bruce is considering the purchase of a resturant named Hard Rock Hollywood. The Restyrant is listed for sale at $1,180,000. With the help of his accountant, Bruce projects the net cash flows from the resturant to be the following amounts over the next 10 Years.

Years Amount 1-6 8 10 $ 98,000 (each year) 108,000 118,000 128,000 138,000 Bruce expects to sell the restaurant after 10 years for an estimated $1 280,000 EV.otsi. PV of $1. FVA of $1, and PVA ot St) (Use appropriate fact Required 1-a. Calculate the total present value of the net cash flows ir Bruce wants to make at least 10% annually on his investment (Assume all cash rows occu Total present val