Juny economics EXA or the following year would he Mr.Black is considering the f buying a famous hotel in Stresa Costs and revenues of Revenues: 1.250,000 /year Management costs: 900. Tax rate: 50% It is supposed that, during the costs and revenues I be constant. At the end of the 6th year the area where the hotel is located will become a natural oasis On the 7th year, the hotel will be demolished to restore the the building is 450,000 (depreciated in the lifetime) ay 12 "Scenery Demolition costs will be on charge of the owner and will amount to 1.600.000 the purchase of The cost of capital is 20% Calculate the NPV of the whole initiative