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into a power outlet. #12 unanswered A savvy business owner who owns several chicken franchises is seeking to add another store to his portfolio of

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into a power outlet. #12 unanswered A savvy business owner who owns several chicken franchises is seeking to add another store to his portfolio of stores. He wants to buy a store in the Memphis market at a cost of $8.00 million. However, the owner will sell the store to him, BUT he also has to buy a second store in the Oxford market at a cost of $6.00 million as part of the deal. The Memphis store is doing well, but the Oxford store has cash flow issues. The business owner will have to buy BOTH stores or NONE at all. The owner has a discount rate of 10.00%. The owner will value the opportunities over a five-year period. not_submitted Attempts Remaining: Infinity STORE 0 1 2 3 4 5 MEMPHIS -$8.00 $1.88 $2.19 $2.01 $2.65 $6.00 OXFORD -$6.00 $0.58 $0.66 $0.82 $0.94 $4.00 What is the NPV of buying both stores? Submit Answer format: Currency: Round to: 2 decimal places

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