Consider how Kyler Valley Spring Park Lodge could use capital budgeting to decide whether the $12,000,000 Spring Park Lodge expansion would be a good investment. Assume Kyler Valley's managers developed the following estimates concerning the expansion: | (Click the icon to view the estimates.) Read the requirements. Requirement 1. Compute the average annual net cash inflow from the expansion. The average annual net cash inflow from the expansion is Requirement 2. Compute the average annual operating income from the expansion. The average annual operating income from the expansion is Data table Requirements 1. Compute the average annual net cash inflow from the expansion. 2. Compute the average annual operating income from the expansion. Print Done - Number of additional skiers per day Average number of days per year that weather conditions allow skiing at Kyler Valley Useful life of expansion (in years) Average cash spent by each skier per day 118 skiers 151 days 8 years 241 Average variable cost of serving each skier per day 84 Cost of expansion 12,000,000 Discount rate 10% Assume that Kyler Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $1,000,000 at the end of its eight-year life. Print Done