total cost of this project was approximately $1.6 billion. the strategy of the investors is to build a gambling environment for high rollers. as a result, they paid a permium for property in the of fine art. the investors are confident that if the facility attracts high-volume and high-stakes gaming, the het revenues will justify the $1.6 billion investment several times over. if the facility fails to attract high rollers, this investment will be a financial catastrophe. mirage resorts depreciates its fixed assets using the straight-line method over the estimated useful lives of the assets. asume construction of bellagio is commpleted and the facility is opened for business on january 1, year 1. also assume annual net income before depreciation and taxes from bellagio is $50 milion, $70 million, and $75 million for year 1, year 2, and year 3, and that the tax rate is 25%