Stay-In-Style (SIS) Hotels Inc. is considering the construction of a new hotel for $80million. The expected life of the hotel is 5 years with no residual value. The expected to be $16 million per year. Stay-In-Style Hotels' management has set a minimum acceptable rate of return of 8%. a. Determine the equal annual net cash flows from operating the hotel. Enter your answer in million. Round your answer to two decimal places. Ion. The expected life of the hotel is $ years with no residual value. The hotel is expected to earn revenues of $21 mithon per year. Total expenses, induding deprectation, are m acceptable rate of return of 8%. er in million, Round your answer to two decimal places. b. Compute the net present value of the new hotel, using the present vatue of an anrulity of $1 tabie above. Round to the nearest million dollars. Net present value of hotel project: 5 miltion c. Does your analysis support construction of the new hotel? , because the net present value is