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Net present value method-annuity for a service company Stay-In-Style (SIS) Hotels Inc. is considering the construction of a new htel for $64 million. The expected

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Net present value method-annuity for a service company Stay-In-Style (SIS) Hotels Inc. is considering the construction of a new htel for $64 million. The expected life of the hotel is 8 years with no residual value. The hotel is expected to earn revenues of $19 million per year. Total expenses, including depredation, are expected to be $14 million per year. Stay-in-Style Hotels" management has set a minimum acceptable rate of return of 10%. a. Determine the equal annual net cash flows from operating the hotel. Enter your answer in million. Hound your answer to two decimal places

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