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

$($Click the icon to view the expansion estimates.$)$

E

$($Click the icon to view the present value annuity factor table.$)$

$($Click the icon to view the future value annuity factor table.$)$

$($Click the icon to view the present value 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 whole dollar. Use parentheses or a minus sign for a negative net present value.$)$

Net present value of expansion