Stay-In-Style (SIS) Hotels inc. is considering the construction of a new hotel for $60 million. The expected life of the hotel is 19 years with no cesidual value. The hotel is expected to earn revenues of $18 million per year. Total expenses, including depreciation, are expected to be $12 million per year. Stay-In-5tyle Hotels' management has. set a minirnum acceptable rate of return of 12%. a. Determine the equal annust net cash flows from operoting the hotel, Enter your answer in million, Round your answer to two decimal places. milish Present Value of an Annuitu of t1 at Crmmound Intarest b. Compute the net present walue of the new hotel, using the present vaue of ar annuity of $1 table above. Round to the nearest million dollars, If required, use the minus sign to indicate a negative net present value. Net present value of hotel project: 5 million c. Does your analysis support constructian of the new hotel