Consider how Jones Valley Stream Park Lodge could use

capital budgeting to decide whether the $$12,500,000$ Stream

Park Lodge expansion would be a good investment. Assume

Jones Valley's managers developed the following estimates

concerning the expansion:

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

$($i$)$

$($Click the icon to view additional information.$)$

$($Click the icon to view Present Value of $$1$ table.$)$

$($Click the icon to view Present Value of Ordinary

Annuity of $$1$ table.$)$

What is the project's NPV $($round to nearest dollar$)?$

Is the investment attractive? Why or why not?

Calculate the net present value of the expansion. $($Enter any factor amounts to three decimal places,

X$.$XXX$.$ Round to the

nearest whole dollar.$)$