The following is a set of operational information about a local motel during the past years. The motel has 200 rooms in its property. It operates 365 days every year. (Ignore the leap year in the calculation process.) Please be advised that the Year "n" is the most recent year.

Year Occupancy Rate ADR

n - 5 70% $120

n - 4 72% $130

n - 3 69% $170

n - 2 70% $168

n - 1 68% $174

n 72% $180

n + 1

n + 2

1. Using the method of 3-Year Moving Average, project the annual room revenues ($) of the motel above for the next year (Years "n + 1"). The number of days of operations and the number of rooms available for sales will remain the same (200) for the next few years. Again, ignore the leap year. All years have 365 operating days.

2. Based on your findings on the previous question; using the method of 3-Year Moving Average, project the annual rooms revenues ($) of the motel above for the second year ("n + 2") from the current year ("n"). The number of days of operations and the number of rooms available for sales will remain the same (200) for the next few years. Again, ignore the leap year. All years have 365 operating days.