Help Save &Exit John Wiggins is considering the purchase of a small restaurant. The purchase price listed by the seller is $980,000. John has used past financial information to estimate that the net cash flows (cash inflows less cash outflows) generated by the restaurant would be as 1-6 $98,000 7 88,000 78,800 9 68,080 10 58,800 If purchased, the restaurant would be held for 10 years and then sold for an estimated $880.000. Required: Determine the present value, assuming that John desires a 12% the end of the year) (Do not round intermediate calculations. Round your final answers to nearest whole dollar amoun rate of return on this investment. (Assume that all cash flows occur at n- 1 Present Value 4 $ 403,172 39.776 31,512 uture 12% 12% 98,000 88,000 78,000 12% 68,000 58,000| 12% 12% 18,676 S 283.360 776.496 No 880.0001 12% Should the restaurant be purchased?