Helga is considering the purchase of a small restaurant. The purchase price listed by the seller is $950,000. Helga has used past financial information to estimate that the net cash flows (cash inflows less cash outflows) generated by the restaurant would be as follows: Years 1-6 94 $ 7 8 9 10 Amount $ 95,000 85,000 75,000 65,000 55,000 If purchased, the restaurant would be held for 10 years and then sold for an estimated $850,000. Required: Determine the present value, assuming that Helga desires 9% 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 $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) Future Amount 95,000 85,000 75,000 65,000 55,000 850,000 X Answer is not complete. Present Value i= 9% 9% 9% 9% 9% 9% n= 6 7 8 9 10 10 Should the restaurant be purchased? S $ $ $ $ $ $ $ 426,162 43,619 34,988 27,567 21,205 327,709 x 881,250

can't seem to get past the first one.

Helga is considering the purchase of a small restaurant. The purchase price listed by the seller is $950,000. Helga has used past financial information to estimate that the net cash flows (cash inflows less cash outflows) generated by the restaurant would be as follows: If purchased, the restaurant would be held for 10 years and then sold for an estimated $850,000. Required: Determine the present value, assuming that Helga desires a 9% rate of return on this investment. (Assume that all cash flows occur at the end of the year) Note: Do not round intermediote calculations. Round your final answers to nearest whole dollar amount. Use tobles, Excel, or a finencial calculator. (FV of S1. PV of S1. EVA of S1. PVA of S1. EVAD of \$1 and PVAD of S1)