Net Present Value Method for a Service Company Opulence Corporation has recently placed into service some of the largest cruise ships in the world, Ono of these ships, the Beilwether, can hold up to 2,600 passengers: and it can cost \\( \\$ 520 \\) million to bulld. Assume the following additionat information: - There will be 300 cruise days per vear operated at a full capacity of 2,600 passengers. - The variable expenses per passenger are estimated to be \\( \\$ 80 \\) per cruise day. - The revenue per passenger is expected to be \\( \\$ 400 \\) per cruise day. - The fixed expenses for running the ship, other than depreciation, are estimated to be \\( \\$ 64,896,000 \\) per year. - The ship has a service life of 10 years, with a residual value of \\( \\$ 80,000,000 \\) at the end of 10 years. Present Value of an Annuity of \\( \\$ 1 \\) at Compound Interest a. Determine the annual net cash flow from operating the cruise ship. b. Determine the net present value of this investment, assuming a \10 minimum rate of return. Use the presient value tables provided above. If required, round to the nearest whole dollar. Present value of annual net cash flows Present value of residual value Total present value Amount to be inverted Net present value