Limited Service Hotel 10% Required rate of return NPV Should they invest? Why? Randi and John are partners in a 100-room limited service hotel. It has a great location right across from the beach. They are going to renovate the rooms floor by floor and the entire project has a cost of $1,200,000. The extra cash in-flows produced from this renovation are $395,000 per year for the next seven years. Use the following space for calculations. Cost (Year 0) Year Cash in-flows Assume the required return of Randi and John is 10%. What is the project's NPV? Should the team accept the project? Why