John Wiggins is considering the purchase of a small restaurant. The purchase price listed by the seller is $860,000 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 follows: (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Years 1-6 7 8 9 le Amount $86,000 76, de 66,028 56,00 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 Precent Value Future Amount 36,000 70,000 00,000 56,000 46,000 760000 1246 1256 1246 1256 1246 1246 5 Should the restaurant be purchased