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Consider how Preston Valley Waterfall Park Lodge could use capital budgeting to decide whether the $11,000,000 Waterfall Park Lodge expansion would be a good investment.

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Consider how Preston Valley Waterfall Park Lodge could use capital budgeting to decide whether the $11,000,000 Waterfall Park Lodge expansion would be a good investment. Assume Preston Valley's managers developed the following estimates concerning the expansion: (Click the icon to view the estimates.) (Click the icon to view additional information.) Calculate the net present value of the expansion. (Enter the factor to three decimal places. XXX Rnund unur nalrilntioma ma. When the residual value is zero, the expansion is project because its NPV is Data table More info Assume that Preston Valley uses the straight-line depreciation method and expects the lodge expansion to have no residual value at the end of its seven-year life. The project's average annual net cash inflow per year is expected to be $2,696,304. Present Value of $1 Drocant loglin afnred

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