Glamour Music is considering investing $625,000 in private lesson studios that will have no residual value. The studios are expected to result in annual net cash inflows of $75.000 per yoar for the next rine years. Assuming that Glamour Mutic isses an 8% hurde rate, what is the not present value (NPV) of the studo investment? is this a favorable investment? (Cick the icon fo viow the prosent value of an antuly lable. Click the icon to yiew the present value table) Click the icon to view the future value of an annuly table.) (Click the icon to view the future watue tade.) (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for a negative nnt present value.) The net present value of the stufe investment is Gince the NPV is the atydo investment Clamour Music's minimum roquired rate of retum. Therefore, the investment is Reference Glamour Music is considering investing $625,000 in private lesson studios that will have no residual value. The studios are expected to result in annual net cash inflows of $75.000 per yoar for the next rine years. Assuming that Glamour Mutic isses an 8% hurde rate, what is the not present value (NPV) of the studo investment? is this a favorable investment? (Cick the icon fo viow the prosent value of an antuly lable. Click the icon to yiew the present value table) Click the icon to view the future value of an annuly table.) (Click the icon to view the future watue tade.) (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for a negative nnt present value.) The net present value of the stufe investment is Gince the NPV is the atydo investment Clamour Music's minimum roquired rate of retum. Therefore, the investment is Reference