Hi,
For the final NPV calculation, could you explain where the 11.25M and 1.88M figures come from? Thanks!
Total recurring profits = High season profits + Low season profits = 180 * x * 125 * ( $600 - $100) + 180 * 60% * 125 * ( $400 - $100) - $2.17M = $11.25M * x + $1.88M