Consider how Pine Vorley, a popular ski reson, could use capital budgering to decide whether the $0.5 million Waterton Park Lody expansion would be a good investment (Click the icon to view the expansion estimates Click the icon to view the present on annuly factor table (Click the icon to view the present valse factor tablo (Click the icon to view the future valuoy factor table> Click to on to view the future Value factor tablo) Read the - Requirement. What is the projects NPV? Is the nvestment attractive? Why or why not? Conculate the pot procent value of the partion (Round your answer to the nearest whiclo color Uw parentheses or a minun sign for a negative not beedent www.) Net present value of expansion Data Table Requirements - X Assume that Pine Vailey's managers developed the folowing estimates concoming a planned expansion to its Watertal Park Lodge all 1. What is the project's NPV? Is the investment attractive? Why or why not? numbers assumed) 2. Assume the expansion has no residual value. What is the project's NPV? Is Number of additional skiers per day... 124 the investments attractive? Why or why not? Average number of days per year that weather conditions allow skiing at Pine Valley. 162 Print Done Useful life of expansion (in years) Average cash spent by each skier per day $ 247 Average variable cost of serving each skier per day. S 130 Cost of expansion $ 9,500,000 Discount rate 10% Assume that Pine Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $600,000 at the ond of es eight year it. It has already calculated the average annual net cash intlow per year to be S2, 189,582. 8 Enter any number in the edit fields and then click Check Answer Print Dond 3 parts remaining Clear A