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For Marriott, the cost of cash is the overall in the administration fee and running price. The three most important functioning prices are the expense of construction, expense and depreciation.
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The NPV, nonetheless, isn't going to take into account the depreciation as it is the expense of money. On the other hand, this is an element in the extensive-time period management fee, which also involves the upkeep price and also the depreciation factor.
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