Zack has a two$-$bedroom house with a huge garage. He is paying $$1,500$ for his monthly mortgage payment. Since he doesn$$t have a car, he is considering remodeling the huge garage, turn it into a master suite, and rent it on Airbnb. The remodeling cost is estimated to be $$10,000$ and he believes he could make $$500$ a month for the next five years by renting the suite on Airbnb. Assuming a $5\%$ interest rate, is remodeling the garage a good idea?

Please solve using this formula: NPV $=(-$initial costs$)+($PV of income$)-($PV of costs$)$