6. Individual Problems 5-6 In early 2008, you purchased and remodeled a 12D-room hotel to handle the increased number of conventions coming to town. By mid-2008, it became apparent that the recession would kill the demand for conventions. Now, you forecast that you will be able to sell only,r 10,000 roomnights, which cost $80 per room per night to Sel'VlCe. You spent 520.00 million on the hotel in 2008, and your cost of capital is 10%. The current going price to sell the hotel is $15 million. If the estimated demand is 10,000 room-nights, the break-even price is per room, per night. (Hint: Remember that the cost of capital l5 the opportunity cost, or true costr of making an investment.)