Consider how Juda Valley Brook Park Lodge could use capital budgeting to decide whether the $12,000,000 Brook Park Lodge expansion would be a good investment. Assume Juda Valley's managers developed the following estimates conceming the expansion: (Click the icon to view the estimates.) Assume that Juda Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $750,000 at the end of its nine-year life. The average annual net cash inflow from the expansion is expected to be $2,807,160. Compute the payback for the expansion project. Round to one decimal place. Data table