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Hotel 3 Minneapolis Hotel 6 Chicago Hotel 5 Miami Hotel 8 Las Vegas Locatation NPV of Cash Flows (thousands) $58 $0.1 $24 -$21 A project
Hotel 3 Minneapolis Hotel 6 Chicago Hotel 5 Miami Hotel 8 Las Vegas Locatation NPV of Cash Flows (thousands) $58 $0.1 $24 -$21 A project manager in charge of building new hotels for Hotels Unlimited, Inc. has a stern warning from her boss that any new hotel has to have an internal rate of return (IRR) above their required rate of return. She ran the returns for 4 new projects the company is considering and those results are in the table above. What hotel's return is very close to the its IRR ? (just enter the number of the hotel, numeric only, no decimal places)
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