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Consider how Golden Valley, a popular ski resort, could use capital budgeting to decide whether the $ 9 million River Park Lodge expansion would be

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Consider how Golden Valley, a popular ski resort, could use capital budgeting to decide whether the $9 million River Park Lodge expansion would be a good investment.
(Click the icon to view the expansion estimates.)
(Click the icon to view the present value annuity factor table.),(Click the icon to view the present value factor table.)(Click the icon to view the future value annuity factor table.),(Click the icon to view the future value factor table.)
Read the requirements.
Requirement 1. What is the project's NPV? Is the investment attractive? Why or why not?
Calculate the net present value of the expansion. (Round your answer to the nearest whol)
Net present value of expansion
Requirements
What is the project's NPV? Is the investment attractive? Why or why not?
Assume the expansion has no residual value. What is the project's NPV? Is
the investment still attractive? Why or why not?
Data table
Assume that Golden Valley's managers developed the following
estimates concerning a planned expansion to its River Park Lodge (all
numbers assumed):
image text in transcribed

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