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A 400-rooms hotel cost $120 million dollars to build. Based on the rule-of-thumb, what should be the base room rate in this hotel? Select one:

A 400-rooms hotel cost $120 million dollars to build. Based on the rule-of-thumb, what should be the base room rate in this hotel?

Select one:

a. $300

b. $12,000

c. $1,200

d. $400

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