Problem C-2A (Algo) Consider present value (LO C-3, C-5) Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. With the help of his accountant, Bruce projects the net cash flows (cash inflows less cash outflows) from the restaurant to be the following amounts over the next 10 years: Bruce expects to sell the restaurant after 10 years for an estimated $1,160,000. (FV of $1, PV of $1. FVA of $1, and PVA of $1 ) (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.) Required: 1-a. Calculate the total present value of the net cash flows if Bruce wants to make at least 10% annually on his investment. (Assume all cash flows occur at the end of each year. Be sure to include the selling price in your calculation.) 1b. Assuming the restaurant is listed for sale at $1,050,000, should he purchase the restaurant? Complete this question by entering your answers in the tabs below. Calcutate the total presint value of the net cash flows if Bruce wants to make at least 10% annually on his investment. (Assume all cash flows ocour at the end of each year, Be sure to include the selling price in your calculation.) Problem C-1A (Algo) Calculate the future value of a single amount (LO C-2) Alec, Daniel, William, and Stephen decide today to save for retirement. Each person wants to retire by age 69 and puts $9,800 into an account earning 9% compounded annually. (FV of \$1, PV of \$1, FVA of \$1, and PVA of \$1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Required: Calculate how much each person will have accumulated by the age of 69 . Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. With the help of his accountant, Bruce projects the net cash flows (cash inflows less cash outflows) from the restaurant to be the following amounts over the next 10 years: Bruce expects to sell the restaurant after 10 years for an estimated \$1,160,000. (FV of \$1, PV of \$1. FVA of \$1, and PVA of S1) (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.) Required: 1-a. Calculate the total present value of the net cash flows if Bruce wants to make at least 10% annually on his investment. (Assume alf cash flows occur at the end of each year. Be sure to include the selling price in your calculation.) 1-b. Assuming the restaurant is listed for sale at $1,050,000, should he purchase the restaurant? Complete this question by entering your answers in the tabs below. Assuming the restaurant is histed for sale at $1,050,000, should he purchase the restaurant
