John Wiggins is considering the purchase of a small resta past financial information to estimate that the net cash flows (cash inflows less cash outflows) generated by the restaurant would be as rant The purchase price listed by the seller is $860,000 John has used te factor(s) from the tables provided.) 1-6 $86,000 7 76,600 8 66,000 9 56,000 10 46,000 If purchased, the restaurant would be held for 10 years and then sold for an estimated $760,000. Required: Determine the present value, assuming that John desires a 12% rate of return on this investment (Assume that all cash flows occur at the end of the year.) (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) n Present Value 86,000 76,000| 66,000| 56,000 46,000 760,000 12% 12% 12% Shouls the restaurant be purchased