Stay in style hotels Angus considering the construction of a new hotel for 60 million....
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Stay in style hotels Angus considering the construction of a new hotel for 60 million. The expected life of the hotel is 19 years with no residual value. The hotel is expected to earn revenues of 18 million per year. Total expenses including depreciation are expected to be 12 million per year. Stay. In style hotels management has a minute has a set minimum acceptable rate of return of 12% determine the equal annual net cash flow from operating. The hotel and dirt your answer in million.
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