Take a Load Off Hotels is considering theObj. $2$construction of a new hotelfor $$40$ million. The expected life of the hotel is $20$ years with no residual value.The hotel is expected to earn revenues of $$7\mathrm{.}5$ million per year. Total expenses, including straight$-$line depreciation, are expected to be $$3$ million per year. Take a Load Off's management has set a minimum acceptable rate of return of $10\%.$a$.$ Determine the equal annual net cash flow from operating the hotel. b$.$ Calculate the net present value of the new hotel, using the present value factor of an annuity of $$1$ at $10\%$ for $20$ periods of $8\mathrm{.}5136.$ Round to the nearest million dollars $.$ c$.$ Does your analysis support construction of the new hotel? SHOW ALL YOUR WORK!!