consider how steinback valley waterfall park lodge could use capital budgeting to decide whether the $11000000 waterfall park lodge expansion would be a good investment. assume steinback valleys managers develop the following estimates concerning the expansion:

assume that steinback valley Uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $950000 at the end of its 12 year life. The average annual operating income from the expansion is $1,687,828 and the depreciation has been calculated at $837,500. calculate the ARR. round to two decimal places

- Data Table 114 skiers 142 days 12 years Number of additional skiers per day Average number of days per year that weather conditions allow skiing at Steinback Valley Useful life of expansion (in years) Average cash spent by each skier per day Average variable cost of serving each skier per day Cost of expansion Discount rate $ 239 83 11,000,000 8% Print Done Consider how Steinback Valley Waterfall Park Lodge could use capital budgeting to decide whether the $11,000,000 Water the following estimates concerning the expansion: (Click the icon to view the estimates.) Assume that Steinback Valley uses the straight-line depreciation method and expects the lodge expansion to have a residu- expansion is $1,687,828 and the depreciation has been calculated as $837,500. Calculate the ARR. Round to two decimal places ARR % Choose from any list or enter any number in the input fields and then continue to the next