The Canyons Resort, a Utah ski resort, recently announced a $400 million expansion of lodging properties, lifts,

Question:

The Canyons Resort, a Utah ski resort, recently announced a $400 million expansion of lodging properties, lifts, and terrain. Assume that this investment is estimated to produce $95.42 million in equal annual cash flows for each of the first 10 years of the project life.
Determine the expected of this project for 10 years, using the present value of an of $1 table found in Exhibit 2.

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