Kevins Grilled Sandwiches would like to open up a few restaurants in San Diego.

- Each restaurant costs $28,000, but they think they can bring in $124,000 per year from each restaurant.

- They plan to purchase 1 at the beginning of year 1, 4 more at the end of year 3, and 1 more at the end of year 5 to spread out the work.

- They plan to sell everything in 7 years and thinks they could sell them for $68,000 each at that time.

- Assume a discount rate of 6%.

- Using the future cash flow model, what is the present value of Kevin's Grilled Sandwiches?