The Los Feliz Free Clinic (LFFC) is thinking about opening a new clinic in the nearby neighborhood of Silver Lake. To secure and renovate a facility, LFFC will need to pay the property owner $100,000. In addition, LFFC will need to purchase beds, medical and office equipment before the clinic opens. These expenses will total $150,000. Over the next six years LFFC expects to have the following cash flows:

Year	cash inflow	cash outflow
1	$50,000	$75,000
2	$100,000	$90,000
3	$150,000	$115,000
4	$180,000	$120,000
5	$210,000	$125,000
6	$250,000	$130,000

Assuming a 6.5% discount rate, should the Los Feliz Free Clinic open the new clinic? Support your answer by showing all of your calculations.