Problem C-2B Consider the present value of investments (LOC-2, C-3) Woody Lightyear is considering the purchase of a toy store from Andy Enterprises, Woody expects the store will generate net cash flows (cash inflows less cash outflows) of $46,000 per year for 10 years At the end of the 10 years, he intends to sell the store for $460,000 To finance the purchase, Woody will borrow using a 10-year note that requires 7 leterest (Round your answer to 2 decimal places.) Required: What is the maximum amount Woody should offer Andy for the toy store? (Assume all cash flows occur at the end of each year) Total present value