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John Wiggins is considering the purchase of a small restaurant. The purchase price listed by the seller is $850,000. John has used past financial Information

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John Wiggins is considering the purchase of a small restaurant. The purchase price listed by the seller is $850,000. John has used past financial Information to estimate that the net cash flows (cash inflows les cash outflows) generated by the restaurant would be as follows:/of$1. PV of$1. EVAof$1. PVAof $1. EVADot$1 and PVADOS) (Use appropriate factor(s) from the tables provided.) 1-6 $85,888 7 75,080 8 65,880 9 55,080 10 45,800 If purchased, the restaurant would be held for 10 years and then sold for an estimated $750.000. Required Determine the present value, assuming that John desires a 10% rate of return on this investment. (Assume that all cash flows occur at the end of the yeor) (Do not round intermediate calculations. Round your finel anawers to nearest whole dollar amount) 850001 75,000 65,000 55,000 45,000: 750.000 10% 10% 10% 10% 10% 10% Should the restaurant be purchased

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