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What is the estimated resale value ? 4 6 8...

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Accounting

What is the estimated resale value ?
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4 6 8 9 # Item/Year 5 1 Available Rooms 2 Occupancy 7 3 Occupied Room-nights 4 Average Dally Room Rate(ADR) 5 Revenues 6 Total Departmental Expenses 7 Departmental Profit 8 Total Non-Departmental Expenses 13 10 Gross Operating Profit 11 Total Fixed Expenses 12 Net Operating Income Year 1 115 30% 35 $55 $702,625 $202,356 $500,269 $202,356 $297,913 $67,452 $230,461 Year 2 115 45% 52 $60 $1,138,800 $331,128 $807,672 $331,128 $476,544 $110,376 $366,168 Year 3 115 60% 69 $65 $1,637,025 $478,296 $1,158,729 $478,296 $680,433 $159,432 $521,001 Year 4 115 70% 81 $80 $2,365,200 $600,936 $1,764,264 $600,936 $1,163,328 $200,312 $963,016 Year 5 115 85% 98 $100 $3,577,000 $689,850 $2,887,150 $689,850 $2,197,300 $229,950 $1,967,350 10 11 12 14 15 16 17 18 13 Market Cap Rate 14 Estimated Resale Value 10% 2 10% 2 10% ? 8% ? 5% ? 5 19 20 21 22 20

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