Murad is considering starting a small catering business. He would need to purchase a delivery and various equipment costing $125.000 toequip the business and another 560,000 for working capital needs. Rent for the building used by the business will be $35.000 per year. In addition to the building rent, annual cash outflow for operating costs will mount to $40,000. Murad's marketing studies indicate that the annual cash intlow from the business will amount to $120,000. All of working capital would be released at the end of 6 years Mund wants to operate the catering business for only six years. He estimates that the equipment could be sold at that time for % of in original cost Murad uses a 16% discountate Use the following present value tables, to determine the appropriate discount factor(s) 946 Present Value of S1 111 Periods $9 1096 11% 1296 1396 1496 1598 16% 179 0:735 0708068 069 06360610592020:32 0530 Present Value of an Annuity of Sl in Arrears, 11-11) 0.681 0.65006210 3930,3670.5430519 0497 076 0.456 6 0.6300.5960.564 0.53505070 480045603204100390 058303420 5130:4820.4520 4351 0.400 0.3760330053 Periods 896 9% 10% 1190 1294 1396 1494 1596 16 3 231232403.170.102303222.9742.914 2832.799 15 3993290 3.791 3.696 3.605 3.3173339332332743199 4.6234486 +355 +231 111.99838899436853.559 5206503325661215644/413188116020393922 Required: Compute die net present value of this restent Festoolbat prestLTO PC or ATAN