Consider how Frost Valley, a popular ski resort, could use capital budgeting to decide whether the $8 million Waterfall Park Lodge expansion would be a good investment. Assume that Frost Valley uses the straight-line depreciation method and expects the lodge expansion to (Click the icon to view the expansion estimates.) have a residual value of $800,000 at the end of its ten-year life. Read the requirements. Data table Requirement 1. Compute the average annual net cash inflow from the expansion. First enter the formula, then compute the average annual net cash inflow from the expansion. (Round your answer to the nearest dollar.) Requirements 1. Compute the average annual net cash inflow from the expansion. 2. Compute the average annual operating income from the expansion. 3. Compute the payback period. 4. Compute the ARR