A hotel chain is considering locating a new hotel. The cost of building a 150 room hotel (excluding furnishings) is $10,000,000. The firm uses a 15 year planning horizon to evaluate investments of this type. The furnishings for this hotel must be replaced every five years at an estimated cost of $3,250,000 (at time = 0, 5, and 10). The old furnishings have no market value. Annual operating and maintenance expenses for the hotel are estimated to be $400,000. The market value of the hotel after 15 years is estimated to be $3,000,000. Rooms at the hotel are projected to be rented at an average rate of $90 per night. On the average, the hotel will rent 60% of its rooms each night. The hotel will be open 365 days per year. MARR is 15% per year. Graphically show the sensitivity of the equivalent worth (PW or AW) to changes in the following factors: periodic refurnishing cost, annual expenses, and occupancy rate (average percentage of rooms rented each night). On your graph, use percent change as the x-axis and equivalent worth (PW or AW) as the y-axis. Your graph should include the following information: Equivalent worth at 0% change of all factors. The sensitivity with respect to decision reversal should be noted for each factor (the calculated percent change to breakeven).