Helga is considering the purchase of a small restaurant. The purchase price listed by the seller is $960,000. 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	Amount
1-6	$ 96,000
7	86,000
8	76,000
9	66,000
10	56,000

If purchased, the restaurant would be held for 10 years and then sold for an estimated $860,000.

Required:

Determine the present value, assuming that Helga desires a 10% 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)