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Consider how Kyler Valley Brcok Park Lodge could use capital budgeting to decide whether the $11,000,000 Brook Park Lodge expansion would be a good investment

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Consider how Kyler Valley Brcok Park Lodge could use capital budgeting to decide whether the $11,000,000 Brook Park Lodge expansion would be a good investment Assume Kyler Valloy's managers devoloped the following estimates concerning the axpansion: (Click the icon to view the estimales-) Assume that Kyler Valicy uses the straight-line depreciation method and expects the lodge oxpansion to have a residual value of $1,000,000 of the and of its ten-year afe. The average annual net cash inflow from the expansion is expected to be $2,743,440. Compute the payback for the exphinsion project. Round to one decimal place

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