Consider how Steinback Valley Brook Park Lodge could use capital budgeting to decide whether the $13,000,000 Brook Park Lodge expansion would be a good investment Assume Steinback Valley's managers developed the flowing mate concoming the expansion TB (Click the icon to view the estimates) Cack the icon to view anal information) Read the s Requirement 1. Wil the payback change? Explain your answer Recalculate the payback if it changes. Round to one decimal place Select the formula to calculate the payback period Amount invested Expected annual net cash inflow years The payback wi The residual value the computation of the payback and the payback method cash flows that occur after the payback pend (Click the icon to view additional information.) Data table your answer. Recalc Number of additional skiers per day 119 skiers Average number of days per year that weather conditions allow skiing at Steinback Valley 150 days annual net cash in Useful life of expansion (in years) 10 years Average cash spent by each skier per day $ 243 Average variable cost of serving each skier per day 82 m of the payback and Cost of expansion 13,000,000 Discount rate 8% Print Done X ck the icon to view additional information.) swer. Recal aal net cash payback ar More info Under the assumption that the expansion would have a residual value of $1,000,000, the managers calculated the payback period to be 4.5 years, the ARR to be 23.91%, the average annual operating income to be $1,673,850, the average amount invested to be $7,000,000, and the average annual net cash inflow to be $2,873,850. Assume that Steinback Valley uses the straight-line depreciation method and now expects the lodge expansion to have zero residual value at the end of its ten-year life. Print Done X Read the requirements. Requirement 1. Will the payback change? Explain your answer. Recalculate the payback if it changes. Round to one decimal place. Select the formula to calculate the payback period. Amount invested Expected annual net cash inflow Payback The payback will be years. The residual value omputation of the payback and the payback method cash flows that occur after the payback period. continue to now Requirement 1. Will the payback change? Explain your answer. Recalculate the payback if it changes. Round to one decimal place. Select the formula to calculate the payback period. Amount invested The payback will The residual value Expected annual net cash inflow Payback be years. the computation of the payback and the payback method cash flows that occ Requirement 1. Will the payback change? Explain your answer. Recalculate the payback if it changes. Round to one decimal place. Select the formula to calculate the payback period. Amount invested Expected annual net cash inflow Payback The payback will be years. The residual value the computation of the payback and the payback method cash flows that occur after the payback period. affects does not affect Requirement 1. Will the payback change? Explain your answer. Recalculate the payback if it changes. Round to one decimal place. Select the formula to calculate the payback period. Amount invested The payback will The residual value Expected annual net cash inflow Payback be years. the computation of the payback and the payback method considers cash flows that occur after the payback period does not consider