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Net present value method-annuity for a service company including depreciation, are expected to be $15 million per year. Stay-In-Style Hotels' management has set a minimum
Net present value method-annuity for a service company including depreciation, are expected to be $15 million per year. Stay-In-Style Hotels' management has set a minimum acceptable rate of return of 13%. a. Determine the equal annual net cash flows from operating the hotel. Enter your answer in milion. Round your answer to two decimal places. \$ milion Net present value of hotel project: $ million
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