ashu malik owns a 60 room mote; on highway 100 that you and your business partners are interested in purchsing. During the course of negotiations, Malik tells you that the motel netted $60,000 last year and that it will net at least $85,000 next year. The motel books, which Malik turns over to your firm right before the purchase, clearly show that Malik's hotel netted only $30,00 last year. Also malik fails to tell you that a bypass to highway 100 is being planned that will redirect most traffic away from the front of the motel. Your firm purchases the motel, During your first year of operating it, the motel nets $35,000. At this timw, you learn of the previous low profidibilty of the motel and the planned bypass. Can your firm sue Malik for fradulent misrepresentation? What are the elements that you need to prove? Discuss fully the probable success of your firm getting the money back.