true or false

22. If a company leases an asset, it will have a cash flow advantage because deprecation can be deducted and produces savings on income tax.

23. Current average nightly demand for hotel rooms in an area is 1.796 and composite growth rate of demand is 5.5%. Next year (year 1) demand for rooms will be 1,895 (to the nearest whole number).

24. Average nightly demand for hotel rooms is 1,796 in a particular area and hotels in that area are averaging 75% occupancy. Total number of rooms presently available in that area is 2.395.

25. Interim financing is temporary financing while a property is being built, whereas bridge financing is used for post-opening working capital.