Net Present Value Method-Amity for a Service Company Amenity Hotels Inc. is considering the construction of a new hotel for 3 milion. The expected to the hotel is 3 years with more. The hotel is expected to care facile indication are expected to be $13 million per year Amenity Hotels management has set a minimum acceptable rate of return of 11 Determine the equal annual net cash flows from operating the hotel. Enter your answer in milion Round your answer to two decimal places milion Present Value of an Annuity of $1 at Compound Interest Periods 9 10% 11 12% 13 149 1 0.92593 0.91743090909090090 0.89286 0.884 0.87719 2 1.78326 1.75911 1.73554 171252 1.69005 1.668101.64666 3 2.57710 2.53129 2.48685 2.441 2.40183 236115 217163 4 3.31213 3.23972 2.16 3.10245 303735 2.97647 2.913 5 3.90271 3.88965 3.79079 2.69590 3.60478 3.51723 3.43300 6 4.5220 4.48592 4.23054 4.11141 3.99755 3.58362 2 5.20637 5.09295 4.36842 4.71220 4.4225 4283 8 5.74664 5.55482 5.33490 5.14612 4.79577 9 6.24689 5.99525 5.759025.537055.32825 5.13166 4.94639 10 6.71000 6,41766 6.14457 5.88923 5.65022 5.42624 5.21612 to. Compute the net present value of the new hotel, using the present value of any of 1 table above. Hound to the nearest min dollars the Net present value of hotel project million cDoes your analysis support construction of the new hotel Yes because the nel present value is positive