Skyline Music is considering investing $600,000 in private lesson studios that will have no residual value. The studios are expected to result in annual net cash inflows of $100.000 per year for the 10 Assuming that Skyline Music uses an 8% hurdle rate, what is the net present value (NPV) of the studio investment? Is this a favourable investment? (Click the icon to view the present value of an annuity table.) (Click the icon to view the future value of an annuity table.) (Click the icon to view the present value table) (Click the icon to view the future value table) The rat present value of the studio investment is (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) Skyline Music's minimum required rate of retum. Therefore, the investment is See the NPV