John Wiggins is considering the purchase of a small restaurant. The purchase price listed by the seller is $830,000. 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: (V of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Years 1-6 Anount 83.009 23.ee 63,00 53,000 43,eee If purchased, the restaurant would be held for 10 years and then sold for an estimated $730,000. 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.) Future Amounti- n Present Value 12 63,000 73,000 63,000 53 000 43,000 730 000 12% Should the restaurant be purchased