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Consider how Flint Valley, a popular ski resort, could use capital budgeting to decide whether the $9 million Spring Rark Lodge expansion would be a

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Consider how Flint Valley, a popular ski resort, could use capital budgeting to decide whether the $9 million Spring Rark Lodge expansion would be a good invesiment. (Click the icon to view the expansion estimates) (Click the icon to view the present value annuity factor table.) (Click the icon to viow the present yalue facior table.) (Click the icon to view the future vnilue annuity factor table.) (Click the icon to view the future yalue faclor table.) Read the nequirements: Requirement 1. What is the project's NPV? is the investment attractive? Why or why not? Calculate the not present value of the expansion. (Round your answer to the nearest whole dollar, Use parentheses or a minus sign for a negative net present value) Net present value of expansion Data table Reference Reference Reference Reference Requirements 1. What is the project's NPV? Is the investment attractive? Why or why not? 2. Assume the expansion has no residual value. What is the project's NPV? Is the investment still attractive? Why or why not

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