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Heiga is considering the purchase of a small restaurant. The purchase price listed by the seller is $840,000. Helga has used past inancial information to

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Heiga is considering the purchase of a small restaurant. The purchase price listed by the seller is $840,000. Helga has used past inancial information to estimate that the net cash flows (cash inflows less cash outflows) generated by the restaurant would be as follows: f purchased, the restauront would be held for 10 years and then sold for an estimated $740,000. Required: Petermine the present value, assuming that Helga desires an 11% 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 S1. EVA of \$1, PVA of \$1. PVAD of \$1 and If purchased, the restaurant would be held for 10 years and then sold for an estimated $740,000. Required: Determine the present value, assuming that Helga desires an 11% 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 financiol calculator, (FV of \$1, PV of \$1, FVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1)

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