Stay-In-Style (SIS) Hotels Inc. is considering the construction of a new hotel for $64 million. The expected life of the hotel is 8 years with no residual value. The hotel is expected to earn revenues of $19 million per year. Total expenses, induding depreciation, are expected to be $14 million per year. Stay-In-Style Hotels' management has set a minimum acceptable rate of retuin of 10%. a. Determine the equal annual net cash flows from operating the hotel. Enter your answer in million. Round your answer to two decimal places. \$ million Present Value of an Annuity of $1 at Compound interest b. Compute the net present value of the new hotel, using the present value of an annuly of $1 table above. Round to the nearest million