Consider how Burlington Ski Lodge could use capital budgeting to decide whether a $$13,500,000$ lodge expansion would be a good investment. Assume Burlington Ski Lodge's managers developed the following estimates concerning the expansion:

View the estimates.

View the additional information.

What is the project's NPV $($round to nearest dollar$)?$ Is the investment attractive? Why or why not?

View the Present Value of $$1$ table.

View the Present Value of Ordinary Annuity of $$1$ table.

Calculate the net present value of the expansion. $($Enter any factor amounts to three decimal places,

X$.$XXX$.$ Round to the nearest whole dollar.$)$

$\backslash$table$[[$Years$,,\backslash$table$[[$Net Cash$],[$Inflow$]],\backslash$table$[[$Annuity PV Factor$],[)=14\%,n=(10$