aining Time: 2 hours, 14 minutes, 28 seconds. stion Completion Status: QUESTION 1 Question Sale Price.xlsx Please download the file above and answer the question by submitting your Excel file. Use Excel functions to get partial points. Wrong type-in numbers as the final answer will NOT have any partial points, and correct type-in numbers will only get HALF of the total points. Joseph and Mary, owners of Hotel Christmas have decided to sell their property. Hotel Christmas is a five-star full-service resort and has a trailing 12 months cash flow of $6,118,000. A neighboring limited-service property, The Motel, is valued at $16,000,000. The market cap rate for five-star, full-service properties in this area is 8.5%. Under standard market conditions, approximately how much would the sale price of the Christmas? Attach File Browse My Computer Browse Content Collection Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers tv GA P wa Home Insert Draw Page Layout Formulas Data Review View D X Calibri (Body) v 11 ' Accour Paste ov a. Au $ y B3 B D E $ 6,118,000.00 $ 16,000,000.00 8.50% A 1 Hotel Christmas 2 Cash flow 3 Sale Price 4 5 The Motel 6 Value 7 8 Market Cap Rate 9 10 11 12 13 14 15 16 17 18 9 1 1 19 20 21 Sheet1 + 20