Take a Load Off hotels is considering the construction of a new hotel for $30,000,000. The expected life of the hotel is 10 years with no residual value. The hotel is expected to eam revenues of $16,680,000 per year. Total expenses, including straight-line depreciation, are expected to be $15,000,000 per year. Take a Load Off's management has set a minimum acceptable rote of return of 20%. a. Determine the equal anhual net cash flows from operating the hotel. b. Calculate the net present value of the new hotel, using the present value factor of an annuty of $1 table below. If required, round to the nearest dollar. If the net present value is negative, enter the amount using a minus sign. c. Which of the following statements is correct regarding this potential project? a. They should build the hotel because the present value of the hoters operating cash flows exceets the construction costs. b. They should build the hotel because the present value of the hoter's operating cash flows is less then the construction costs. c. They should build the hotel because the present value of the hotel's operating cash nows is equal to the construction costs. d. They should not buid the hotel because the net present value is negative: Check My Wosk unes remaining