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Here is the ORIGINAL data of the Sport Hotel project: 1.Projected outflows First year (Purchase Right, Land, and Permits)$1,000,000 Second Year (Construct building shell $2,000,000 ThirdYear: (Finish interior and furnishings) $2,000,000 TOTAL $5,000,0002. Projected inflows If the franchise is granted hotel will beworth: $8,000,000 when it opened If the franchise is denied hotelwill be worth: $2,000,000 when it opened. The probability of thecity being awarded the franchise is 50%. Suppose that everything isthe same as in that problem except TWO things: the worth of thehotel, should the city be awarded the franchise, is not $8 millionbut some unknown smaller number; and the probability of getting thefranchise is NOT 50% but is upgraded to 80%. What must the newworth of the hotel when the franchise is granted be in order forthe NPV of the Sporthotel project to be equal to exactly zero?