Question 24 IHTM Hotels Corporation is now considering an investment project, i.e. to install a new computer game machine in one of its hotel's entertainment centres. After some careful analysis, the corporation estimates that this computer game machine will generate the following operating cash flows after expenses over its 7-year life: $2,200 $2,200 $2,200 $0 += 0 1 2 3 $900 $2,200 HST4003 Final Examination AY2016/17 5 $2,200 6 $2,200 7 (years) Required: (Round your answers to 2 decimal places) a) Given that IHTM Hotels Corporation's minimum required rate of return (kg) is 13%, calculate the present value (PV) of this investment project's operating cash flows. (5 marks)