Consider how Cole Valley Spring Park Lodge could use capital budgeting to decide whether the $11,000,000 Spring Park Lodge expansion would be a good investment. Assume Cole Valley's (Click the icon to view Present Value of $1 table.) managers developed the following estimates concerning the expansion: (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view the estimates.) What is the project's NPV (round to nearest dollar)? Is the investment attractive? Why or (Click the icon to view additional information.) why not? Consider how Cole Valley Spring Park Lodge could use capital budgeting to decide whether the (Click the icon to view Present Value of $1 table.) $11,000,000 Spring Park Lodge expansion would be a good investment. Assume Cole Valley's managers developed the following estimates concerning the expansion: (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view the estimates.) What is the project's NPV (round to nearest dollar)? Is the investment attractive? Why or why not? Data table More info Assume that Cole Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $750,000 at the end of its eight-year life. They have already calculated the average annual net cash inflow per year to be $2,810,140. Reference Reference