Mark Stevens is considering opening a hobby and craft store. He would need $10

Mark Stevens is considering opening a hobby and craft store. He would need $100000 to equip the business and another $40000 for inventories
and other working capital needs. Rent on the building used by the business will be $24000 per year. Mark estimates that the annual cash inflow from the
business will amount to $90000. In addition to building rent annual cash outflow for operating costs will amount to $30000. Mark plans to operate the
business for only six years. He estimates that the equipment and furnishings could be sold at that time for 10% of their original cost. Mark uses a discount
rate of 16%.

Required:

Would you advise Mark to make this investment? Use the net present value method. (please show all your works!)