Consider how Star Valley, a popular ski resort, could use capital budgeting to decide whether the $8 million Snow Park Lodge expansion would be a good investment EEB (Click the icon to view the expansion estimates.) Assume that Star Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of S900,0d00 at the end of its eight-year life. Read the requirements. Requirement 1. Compute the average annual net cash intlow trom the expansion. Firat enter the formula, then compute the average annual net cash inflow from the expansion. (Round your answer to the nearest dollar.) Average annual net cash inflow Data Table Requirements Assume that Star Valley's managers developed the tollowing estimates concening a planned expansion to its Snow Park Lodge (all numbers assumed): 1. Compute the average annual net cash inilow from the expansioni. 2. Compute the average annual operating income from the expansion. 3. Compute the payhack pericd. 4. Compute the ARR Number of additional skiers per day Average number of days per year that weather 120 163 conditions allow sking at Star Valley Useful life of expansion (in years) Average cash spent by each skier per day Average variable cost of serving each skier per day.. . S Cost of exparsion. Discount rate PrintDone 247 116 S 8,000,000 14% Print Done