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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

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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