Consider how Smith Valley Brook Park Lodge could use capital budgeting to decide whether the $$13,500,000$ Brook Park Lodge expansion would be a good investment. Assume Smith Valley's managers developed the following estimates concerning the expansion:

$($Click the icon to view the estimates.$)$

$($Click the icon to view additional information.$)$

$($Click the icon to view Present Value of $$1$ table.$)$

$($Click the icon to view Present Value of Ordinary Annuity of $$1$ table.$)$

What is the project's NPV $($round to nearest dollar$)?$ Is the investment attractive? Why or why not?

Calculate the net present value of the expansion. $($Enter the factor to three decimal places,

X$.$XXX$.$ Round your calculations to the nearest whole dollar.$)$

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Assume that Smith Valley uses the straight$-$line depreciation method and expects the lodge expansion to have no residual value at the end of its eight$-$year life. The project's average annual net cash inflow per year is expected to be $$2,932,320.$