Problem C-2A (Algo) Consider present value (LO C-3, C-5) Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. With the help of his accountant, Bruce projects the net cash flows (cash inflows less cash outflows) from the restaurant to be the following amounts over the next 10 years: Amount 199,000 (each year) 109,000 119,000 129,000 139,000 Bruce expects to sell the restaurant after 10 years for an estimated $1.290,000 (EV of $1. P of $1. EVA of S1, and PVA of $1) (Use tables, Excel, or o financial calculator. Round your answer to 2 decimal places.) Required: 1-6. Calculate the total present valueof the net cash flows if Bruce wants to make at least 12% annually on his investment (Assume all cash flows occur at the end of each year Be sure to include the selling price in your calculation) 1-b. Assuming the restaurant is listed for sale at $1,050,000, should be purchase the restaurant? Years 1 to 6 7 8 9 10 tes complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Calculate the total present value of the net cash flows if Bruce wants to make at least 12% annually on his investment (Assume all cash flows occur at the end of each year Be sure to include the selling price in your calculation) Total procent value TA Reg 1B >