Consider how Juda Valley River Park Lodge could use capital budgeting to decide whether the $13,000,000 River Park Lodge expansion would be a good investment. Assume Juda Valley's managers developed the following estimates concerning the expansion: (Click the icon to view the estimates.) Read the requirements. i Data Table Requirement 1. Compute the average annual net cash inflow from the expansion. Number of additional skiers per day 117 skiers The average annual net cash inflow from the expansion is $ Average number of days per year that weather conditions Requirement 2. Compute the average annual operating income from the expansion. 148 days The average nual operating income from the expansion is $ 10 years allow skiing at Juda Valley Useful life of expansion (in years) Average cash spent by each skier per day Average variable cost of serving each skier per day Cost of expansion 237 78 13,000,000 Discount rate 12% Assume that Juda Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $500,000 at the end of its ten-year life. Print Done Joe's Hardware is adding a new product line that will require an investment of $1,476,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $320,000 the first year, $290,000 the second year, and $240,000 each year thereafter for eight years. Assume the project has no residual value. Compute the ARR for the investment. Round to two places. Select the formula, then enter the amounts to calculate the ARR (accounting rate of return) for the new product line. (Round ARR to the nearest hundredth percent [two decimal places], X.XX%.) = ARR = %