Net Present Value Method-Annuity for a Service Company Amenity Hotels lnc, is considering the construction of a nev hotel for $81 mision. The expected life of the hotel is B years with no residual value. The hotel is expected to earn revenues of $25 milion per year. Total experises, Including depreciation, are expected to be $18 million per year. Amenity. Hotels' management has set a minimum acceptable rate of return of 12%4 a. Determine the equal annual net cash flows trom operating the hoted, Enter your answir in nillion. Round your answer to two decimal places. miltion b. Compute the net present value of the new hotel, using the present valoe of and annetity of 51 table above. Round to the nearest million dollars. If required, use the minus uign to indicate a negative net present value. Net present alue of hatel project: 3 milion c. Does your aralvsis rupoort construction of the now hoter? broause the net present yatue is