Assignment Consider the example of a tourist house, if the house is on water, the house price
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Question:
Assignment
Consider the example of a tourist house, if the house is on water, the house price (Ph) is increased by $78250. This is also life time benefit of being on water. While 200 people use house in a day and they have to pay $39 for direct access (entry Fees). Find out the Life time value of the house.
Hint: Discounting(life-time)
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