Consider how Juda Valley Spring Park Lodge could use capital budgeting to decide whether the $13,000,000 Spring Park Lodge expansion would be a good investment. Assume Juda Valley's managers developed the following estimates concerning the (Click the icon to view the estimates.) Assume that Juda Valley uses the straight-ine depreciation method and expects the lodge expansion to have a residual value of 1,000,000 at the end of its eight-year life. The average annual operating income from the expansion is $1,386,516 and the depreciation has been calculated as $1,500,000 Caiculate the ARR.Round to two decimal places. Average annual operating IncomeAverage amount InvestedARR Data Table Number of additional skiers per day Average number of days per year that weather conditions 118 skiers allow sking 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 Discount rate 151 days 8 years S246 84 Chod 13,000,000q question 1256 20 F6 2 3 4 5 6 Q WE