Two young entrepreneurs want to invest $2,75,000 in a restaurant. Their business plan shows that the restaurant will generate the following cash flows: Year Cashflow 1 $20,000 2 $30,000 3 $40,000 4 $40,000 5 $50,000 6 $60,000 7 $60,000 8 $80,000 9 $90,000 10 $90,000 They want to earn at least 12% return They also would like to have their initial investment recovered within 5 years

Based on the information above, calculate the following:
What	What is the present value?
What	What is the net present value?
What	What is the payback period?
Q4	Should these entrepreneurs proceed with this investment?