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can some one help me solve this please! Bruce is considering the purchase of a restaurant named Hard Rock Hollywood With the help of his
can some one help me solve this please!
Bruce is considering the purchase of a restaurant named Hard Rock Hollywood With the help of his accountant, Bruce projects the net casti flows (cash inflows less cash outflows) from the restaurant to be the following amounts over the next 10 years. Bruce expects to sell the restaurant after 10 years for an estimated \$1,190,000. (FV of \$1. PV of S1. EVA of \$1, and PVA of \$1) (Use tables. Excel, or a financial calculator, Round your answer to 2 decimal places.) Required: 1-a. 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, Be sure to include the selling price in your calculation) 1.b. Assuming the restaurant is listed for sale at $1,050.000, should he purchase the restaurant? Complete this question by entering your answers in the tabs below. 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. Be sure to include the selling price in your calculation.) Step by Step Solution
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