Consider how Kyler Valey over Park Lodge could use capital budgeting to decide whether the $11,000,000 River Park Lodge expansion would be a good investment Assume Kyler Valey's managers developed the folowing conceming the expansion Cck the loon to view the Assume that Kyler Valey uses the straight depreciation method and expects the lodge expansion to have a residual value of 5000,000 at the end of a twelve year ife. The average annual net how from the expected b $2316824 Compule the payback for the expansion project Round to une decimal place Pay A Data table Payback years Number of additional skiers per day 116 skiers Average number of days per year that weather conditions 141 days allow skiing at Kyler Valley Useful life of expansion (in years) 12 years Average cash spent by each skier per day $ 238 Average variable cost of serving each skier per day 84 Cost of expansion 11,000,000 Discount rate 12% Amount invested Expected annual net cash inflow Expected useful life Print Done