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For the objective of deciding the period of time to be as opposed for risk no cost return and danger premium, investment lifetime of the project ought to be deemed. Because lodging belongings, like resorts, had prolonged helpful lives, return on lengthy-time period govt bonds ought to be employed for lodging calculations, which need to be from the period 1926 to 1987 (exhibit five from the case) as this successfully displays the bottom line character of return which has a long term see which include all abnormalities during this era.
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