Consider how Hope Valley, a popular ski resort, could use capital budgeting to decide whether the $10 million Snow Park Lodge expansion would be a good investment. E: (Click the icon to view the expansion estimates.) Assume that Hope Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $800,000 at the end of its ten-year life. Read the requirements 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. Data Table Average annual net cash inflow Assume that Hope Valley's managers developed the following estimates concerning a planned expansion to its Snow Park Lodge (all numbers assumed): = Requirement 2. Compute the average annual operating income from the expansion. First enter the formula, then compute the average annual operating income from the expansion. (Round your answer to the nearest dolla Average annual operating income from asset Number of additional skiers per day. 123 Average number of days per year that weather conditions allow skiing at Hope Valley 161 Useful life of expansion (in years) 10 Average cash spent by each skier per day.. $ 247 Average variable cost of serving each skier per day . $ 140 Cost of expansion... $ 10,000,000 Discount rate 10% = Requirement 3. Compute the payback period. Requirement 3. Compute the payback period. First enter the formula, then compute the payback period. (Enter amounts in dollars, not millions. Round your answer to two decimal places.) = Payback period years Requirement 4. Compute the ARR. First enter the formula, then compute the accounting rate of return. (Enter amounts in dollars, not millions. Enter your answer as a percent rounded Accounting rate of return %