On the Renovations worksheet in cell G6, enter a formula using an absolute reference to determine the new capacity that the Musica Room will hold based on the capacity in cell F6 and the percentage in cell B13. Copy this formula to the range G7:G10.
Assign the named range IncreaseInRevenue to cell B14. Ensure that a single cell is selected when naming the range. Be sure to enter the range name exactly as specified with no spaces or extra characters.
In cell I6, enter a formula to determine the projected revenue for the Musica Room based on the revenue figure in cell H6 and the percentage in cell B14. Use the named range in cell B14 when entering this formula. Copy this formula to the range I7:I10.
In cell D6, enter the DATEDIF date function to determine the length in days of the expected renovation for the Musica Room. Copy this function to the range D7:D10.
In cell B15, enter the function to calculate the median length of renovations in days. Assign the named range MedianDays to the cell.
In cell J6, enter a logical function to display the word Under in the cell if the renovations are going to take fewer than or equal to the median number of days calculated in cell B15; otherwise, have the word Over display. Use the named range for B15 when entering this function. Copy this function to the range J7:J10.
In cell B21, enter a function that will calculate the monthly payment for the loan amount in cell B18, based on the Annualized Rate in B19, and the number of years in the Term in cell B20. Use cell references B18, B19, and B20 in the function. Display the monthly payment as a positive value by entering a minus sign in the correct position in the function.
Assign the named range RoomClassification to A24:B27.
In cell K6, using a VLOOKUP, create a function to determine the projected room classification based on the projected quarterly revenue after renovations in cell I6. Use the named range RoomClassification when entering this function. Copy this function to the range K7:K10.
Enter the File Name field in the left footer of the Renovations sheet.
Save the workbook. Close the workbook and then exit Excel. Submit the workbook as directed.
