Woodsy Music is considering investing $625,000 in private lesson studios that will have no residual value. The studios are expected to result in annual net cash inflows of $90,000 per year for the next nine years. must be done in excel

Braun 5e S12-10 v3 Project Description: Compute NPV-equal net cash inflows (Learning Objective 4) Braun 5e Steps to Perform: Step Points Possible Instructions 1. Assuming that Woodsy Music uses a 8% hurdle rate, what is net present value (NPV) of the studio investment? (Always use cell references and formulas where appropriate to receive full credit.) 11 a. Enter the future cash flow expected in Year 1 in cell A4. In the next cell below type in the cash flow expected in Year 2. Continue in the same fashion until all future cash flows are shown in separate cells, in the order in which they are expected to be received. b. Enter the NPV in the last cell using the Excel NPV function. Is this a favorable investment? Total Points 2 1 12