Question: please use conversion factor notations and show work! Using the information from first picture, answer question in second picture Hospitality Enterprises is planning to build

Hospitality Enterprises is planning to build a new 112 room inn in Marin. The initial cost of land leases and construction is anticipated to be $3.4 million. The annual operating and maintenance costs are expected to average $25,000 for the 20 -year life of the inn. Every 4 years the interior of the inn must be painted at a cost of $15,000. The exterior must be painted and refurbished every 5 years at a cost of $60,000. The carpet and furniture must be replaced every 6 years at a cost of $100,000. Every 8 years $80,000 will be spent on paving and striping the parking areas. The inn will have a net demolition cost of $100,000 at the end of its life. If the MARR for Hospitality is 5%, determine the annual worth of the cost cash flows. You must write your answer using conversion factor notations. You can use P/F factor only once for the demolition cost. For calculations, you are allowed to use Microsoft Excel. Work on Problem 1, using Rate of Return Analysis, to determine the best alternatives You NEED to show your steps with Net PW expressions. You NEED to perform necessary calculations for justifying your decision. You are allowed to use Microsoft Excel
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