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You pay $500,000 for the rights to run a hotel, agreeing to a 25 year operating contract for which you receive $60,000 each year. If

You pay $500,000 for the rights to run a hotel, agreeing to a 25 year operating contract for which you receive $60,000 each year. If your required return is 6.25%, what is the PI this project?

1.2786

0.2786.

2.0000

0.4982

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