Consider how Kyler Valley Waterfall Park Lodge could use capital budgeting to decide whether the $13,500,000 Waterfall Park Lodge expansion would be a goeid investment. Assume Kyler Valley's managers developed the following estimates concerning the expansion: (Click the icon to view the estimates.) Assume that Kyler Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $850,000 at the end of ta 11-year life. They have already calculated the average annual net cash inflow per year to be $2,757,832. (Click the loon to view the Present Value of $1 table) (Click the icon to view the Present Value of Annuity of S1 table.) What is the project's NPV (round to nearest dollar)? Is the investment attractivo? Why or why not? Calculate the net present value of the expansion (Entor any factor amounts to three decimal places, X.XXX. Round to the nearest whole dollar) Net Cash Annuity PV Factor (i=10%, n=11) (i=10%, n=11) PV Factor Present Inflow Years Value 1 - 11 Present value of annuity 11 Present value of residual value nter any number in the edit fields and then click Check Answer. Check Answer Clear All part remaining Data Table Number of additional skiers per day 121 skiers Average number of days per year that weather conditions allow skiing at Kyler Valley 148 days Useful life of expansion (in years) 11 years Average cash spent by each skier per day $ 235 Average variable cost of serving each skier per day 81 Cost of expansion 13,500,000 Discount rate 10% Print Done Clear All - 11 Present value of annuity 11 Present value of residual value Total PV of cash inflows 0 Initial investment Net present value of expansion