Please help me I am stuck.

Problem 9-27 Jonathan Lark's lifelong dream is to own a restaurant. He owns a premium site for a restaurant across the street from the local university. Now he needs to decide what kind of restaurant to open. Recently, Joratlan began to investigate one of the fastest-growing fast-food franchises in the country. Peoper Roni Pizza, A Pepe Roni Pizza franchise costs $36.900, an amount that is amortized over 15 years. As a franchisee, Jonathan would need to adhere to the company's building specifications. The building would cost an estimated $553,500 and would have a $61,500 salvage value at the end of its 15 Yaar life. The restaurant Equipment (fryers, steam tables, bonths, counters) is sold as a package by the corporate office at a cost of 246,000, will have a salvage value of $12.300 at the end of its five-year life, and must be replaced every five years. Jonathan estimates the annual revenue from a Peaper Roni Pizza franchise at $1,164,500. Food costs typically run 36% af revenuc. Annual operating expenses, nat including depreciation, total $522,750. For financial reporting purposes, Jonathan will use straight-line depreciation and amortization. Based on past experience, he uses an 16% discount rate. Click here to view the factor table. x Your answer is incorrect. Try again. Calculate the restaurant's net present value over the franchise's 15-year life. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to o decimal place, e.g. 58,971.) |121197 Net present value Your answer is correct. Use Excel or a similar spreadsheet application to calculate the restaurant's internal rate of return over the franchise's 15-year life. (Round answer to 2 decimal places, c.g. 15.25%..) Internal rate of return 22.611 Your answer is correct. Calculate the restaurant's payback period. (Round answer to 2 decimal places, c.g. 15.25.) Payback period 3.72 years Your answer is correct. Should lonathan apen a Pepper Roni Pizza? Question Attempts: 4 of 15 used