Consider how Hunter Valley Snow Park Lodge could use capital budgeting to decide whether the $11,000,000 Snow Park Lodge expansion would be a good investment. Assume Hunter Valley's managers developed the following estimates conceming the expansion: (Click the icon to view the estimates.) Assume that Hunter Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $600,000 at the end of its seven-year life. The average annual net cash inflow from the expansion is axpected to be $2,714,756. Compute the payback for the expansion project. Round to one decimal place. Data table Consider how Hunter Valley Snow Park Lodge could use capital budgeting to decide whether the $11,000,000 Snow Park Lodge expansion would be a good investment. Assume Hunter Valloy's managers developed the following estimates conceming the expansion: IIH (Click the icon to view the estimates.) Assume that Hunter Valley uses the straigh-Aine depreciation method and 6xpects the lodge 6xpansion to have a residual value of $600,000 at the end of its seven-year lile. The averge annual net cash inflow from the expansion is erpected to be \$2,714,756. Compute the payback for the expantion project. Round to one decimal place