Consider how Jones Valley Waterfall Park Lodge could use capital budgeting to decide whether the $12,500,000 Waterfall 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.) (Click the icon to view additional information.) Years Years 1-12 Year 12 Year 0 Calculate the net present value of the expansion. (Enter any factor amounts to three decimal places, X.XXX. Round to the nearest whole dollar.) Annuity PV Factor PV Factor (i=8%, (i=8%, n=12) n=12) Present value of annuity Present value of residual value Total PV of cash inflows Initial investment Net present value of expansion CHE Net Cash Inflow (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? Present Value

Consider how Jones Valey Watertall Pak Lodge could use captal budgeting to decide whether [Cick the icon to vew Present Value of $1 tebie.) the $12,500,000 Watertall Park Lodge exparsion would be a good investunent Aswume Jones Valley's managers developed the following estimates concoming the exparsion (Cick the icon to viow Prisent Vaiue of Ordinary Arnuey of St tatie) (Click the icon to view the estimates) What is the projects NPV (round bo nearest oolar?? is the hvectment atractive? Why or (Click the icon lo view additional information) why not? Consider how Jones Valey Watertall Pak Lodge could use captal budgeting to decide whether [Cick the icon to vew Present Value of $1 tebie.) the $12,500,000 Watertall Park Lodge exparsion would be a good investunent Aswume Jones Valley's managers developed the following estimates concoming the exparsion (Cick the icon to viow Prisent Vaiue of Ordinary Arnuey of St tatie) (Click the icon to view the estimates) What is the projects NPV (round bo nearest oolar?? is the hvectment atractive? Why or (Click the icon lo view additional information) why not