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For the purpose of pinpointing the time period to get as opposed for risk cost-free return and hazard quality, expense life of the project must be regarded. Because lodging belongings, like lodges, had prolonged beneficial lives, return on prolonged-term federal government bonds ought to be utilized for lodging calculations, which need to be through the period 1926 to 1987 (show 5 from the case) as this successfully displays The underside line nature of return which has a long-term perspective including all abnormalities throughout this era.
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