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The owners of a discount motel chain are considering building a new motel. Optimistic, pessimistic, and most likely estimates of several key parameters have been obtained from the local builders and the chamber of commerce. These estimates are shown in the table below. The life of the motel is estimated to be 15 years, and MARR is 20%. Parameter Pessimistic Most Likely Part a Click here to access the TVM Factor Table Calculator Part b Initial Cost Annual Operating Annual Revenue Based only on the most likely estimates, is the new motel economically attractive? Please enter the PW used to reach your decision: $ Save for Later Optimistic $10,600.000 $8,575,000 $5,000,000 $395.000 $200,000 $135,000 $1,000,000 $2,300,000 $3,600,000 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is ±100. Attempts: 0 of 3 used Submit Answer

The owners of a discount motel chain are considering building a new motel. Optimistic, pessimistic, and most likely estimates of several key parameters have been obtained from the local builders and the chamber of commerce. These estimates are shown in the table below. The life of the motel is estimated to be 15 years, and MARR is 20%. Parameter Pessimistic Most Likely Part a Click here to access the TVM Factor Table Calculator Part b Initial Cost Annual Operating Annual Revenue Based only on the most likely estimates, is the new motel economically attractive? Please enter the PW used to reach your decision: $ Save for Later Optimistic $10,600.000 $8,575,000 $5,000,000 $395.000 $200,000 $135,000 $1,000,000 $2,300,000 $3,600,000 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is ±100. Attempts: 0 of 3 used Submit Answer

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The owners of a discount motel chain are considering building a new motel. Optimistic, pessimistic, and most likely estimates of several key parameters have been obtained from the local builders and the chamber of commerce. These estimates are shown in the table below. The life of the motel is estimated to be 15 years, and MARR is 20%. Parameter Pessimistic Most Likely Part a Click here to access the TVM Factor Table Calculator Part b Initial Cost $10,600,000 $8,575,000 $5,000,000 Annual Operating $395.000 $200,000 $135,000 Annual Revenue $1,000,000 $2,300,000 $3,600,000 Based only on the most likely estimates, is the new motel economically attractive? Please enter the PW used to reach your decision: $ Save for Later Optimistic Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is ±100. Attempts: 0 of 3 used Submit Answer
Transcribed Image Text:The owners of a discount motel chain are considering building a new motel. Optimistic, pessimistic, and most likely estimates of several key parameters have been obtained from the local builders and the chamber of commerce. These estimates are shown in the table below. The life of the motel is estimated to be 15 years, and MARR is 20%. Parameter Pessimistic Most Likely Part a Click here to access the TVM Factor Table Calculator Part b Initial Cost $10,600,000 $8,575,000 $5,000,000 Annual Operating $395.000 $200,000 $135,000 Annual Revenue $1,000,000 $2,300,000 $3,600,000 Based only on the most likely estimates, is the new motel economically attractive? Please enter the PW used to reach your decision: $ Save for Later Optimistic Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is ±100. Attempts: 0 of 3 used Submit Answer
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