Mahmut Tutam is considering making an investment of $80,000 in a venture that is projected to yield annual returns over a 15-year period with the following cash flow profile: Year Cash Flow Year Cash Flow Year Cash Flow 1 $10,000 6 $15,000 11 $15,000(0.7)5 2 $11,000 7 $15,000(0.7) 12 12 $15,000(0.7)6 3 $12,000 8 $15,000(0.7)² 13 $15,000(0.7)7 4 $13,000 9 $15,000(0.7)³ 14 $15,000(0.7) 5 $14,000 10 10 $15,000(0.7) 15 $15,000(0.7) Part a Should he make the investment if his time value of money is 5%? Click here to access the TVM Factor Table calculator. PW-$ Carry all interim calculations to 5 decimal places and then round your final answer to a whole number. The tolerance is ±5. The investment be made.

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