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Consider how Star Valley , a popular ski resort, could use capital budgeting to decide whether the $ 8 million Autumn Park Lodge expansion would

Consider how Star Valley, a popular ski resort, could use capital budgeting to decide whether the $8 million Autumn Park Lodge expansion would be a good investment.
What is the project's NPV? Is the investment attractive? Why or why not?
Assume the expansion has no residual value. What is the project's NPV? Is the investment still attractive? Why or why not?
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