Someone needs to choose between two investment projects for the construction of hotels. He obtained the following the following information:

	Acapulco	Los Cabos	Cancn
Initial Investment	20 millions	30 millions	50 millions
Years of life	20 years	20 years	20 years
Annual income	5 millions	7 millions	9 millions
Annual expenses	2 millions	3 millions	6 millions
Rescue value	10 millions	10 millions	8 millions
Minimum acceptable interest rate (MARR)	10%	11%	12%

Are all projects profitable? Performing incremental analysis: What is the most financially convenient hotel to build? to choose between two investment projects for the construction of hotels.