Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 20 Aug 2017 My Price 6.00

Winter Lake Hotels

net present value method—annuity for a service company

 

Winter Lake Hotels is considering the construction of a new hotel for $150 million. The expected life of the hotel is 30 years, with no residual value. The hotel is expected to earn revenues of $55 million per year. Total expenses, including depreciation, are expected to be $38 million per year. Winter Lake management has set a minimum acceptable rate of return of 14%.

a.     Determine the equal annual net cash flows from operating the hotel.

b.     Calculate the net present value of the new hotel, using the present value of an annuity of $1 table found in Appendix A. Round to the nearest million dollars.

c.                              Does your analysis support construction of the new hotel? Explain.

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Aug 2017 10:08 AM My Price 6.00

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