Consider how Whia Valley Spring Park Lodge conduire capital budgeting to decide whether the 512,000,000 Spring Park Lodga examion would be a good investment Mume White Valley manager developed the following lates concoming the expansion (Click the icon to view the estimates Assume that White Valley uses the straightine depreciation method and expect the deepenion to have a residual value of 5750.000 at the end of your I The average auch Wow from the expansion expected to be $2.638,100 Compute the payback for the expansion project Round to one decimal place Expected annual net cash Wom Amount invested 12000000 Payback yos n method i Data Table . X par life. The average annu one decim 115 skiers cted annua 148 days Number of additional skiers per day Average number of days per year that weather conditions allow skiing at White 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 8 years 242 87 12,000,000 10% Print Done