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Please help!! Helga is conildering the purchase of a small restaurant. The purchase price lsted ty the seller is 5870,000 . Heigo has used past
Please help!!
Helga is conildering the purchase of a small restaurant. The purchase price lsted ty the seller is 5870,000 . Heigo has used past financial information to estimute that the net cash fows (cash inflows less cash outtlown) genceated by the resteurant would bo as lollows If purchased, the restaurant would be held for 10 yeas and then sold for an estimated $770.000 Required: Determine the present value, assuming that Helga desires a 9% rate of retim on vis imvestment (Assume that of cash fiows occur at the end of theyear? Note: Do not round intermediate calculations: Round your finst answers to nearest whole dollar amount. Use tables, Excet; or a Step by Step Solution
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