QUESTION 52 You have noticed an ad listing a motel for sale. After doing some research, you estimate that the 20 rooms can be rented for $60 per day with an You estimate that repairs and maintenance costs will be $3,000 per month and that other cash expenses will be $4,000 per month. You plan to sell the motel at the end of the third year for $500,000. How much are annual net cash flows? What would be the annual net cash flows for the motel? A. $ 119,040 B. none of the listed choices C. 5 231,360 D. $ 58,948 E. 5 262,336