Hi! My classmates and I are stumped, please help us solve this question!

Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is listed for sale at $1,000,000. With the help of his accountant, Bruce projects the net cash flows (cash inflows less cash outflows) from the restaurant to be the following amounts over the next 10 years:

Years	Amount
1-6	$100,000	(each year)
7	110,000
8	120,000
9	130,000
10	140,000

Bruce expects to sell the restaurant after 10 years for an estimated $1,300,000.

Calculate the total present value of the net cash flows if Bruce wants to make at least 11% annually on his investment. (Assume all cash flows occur at the end of each year.)