Jackson Music is considering investing $800,000 in private lesson studios that will have no residual value. The studios are expected to result in annual net cash inflows of $100,000 per year for the next nine years. Assuming that Jackson Music uses a 10% hurdle rate, what is the net present value (NPV) of the studio investment? Is this a favorable investment? (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) The net present value of the studio investment is $_______________. Since the NPV is (positive or negative), the studio investment (does provide, does not provide) Jackson Music's minimum required rate of return. Therefore, the investment is (Favorable, not favorable). Please answer each part of the question, and please for the fill-in-the-blank sentence above, choose one of the options in each parentheses. Thank you!