- Data Table 122 skiers 151 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 81 11,500,000 12% Assume that Steinback Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $850.000 at the end of its twelve-year life Print Done Clear All Text Pages Get More Help Copyright 2021 Pearson Education Inc. All rights reserved. Terms of Use Privacy Policy nts Requirements 1. Compute the average annual net cash inflow from the expansion. 2. Compute the average annual operating income from the expansion. Print Done Graded Consider how Steinback Valley Spring Park Lodge could use capital budgeting to decide whether the 511,500,000 Spring Park Lodge expansion would be a good investment Assume Steinback Valley's managers developed the following estimates concerning the expansion: Click the icon to view the estimates) Read the careten Requirement 1. Compute the average annual net cash intlow from the expansion The average annual net cash inflow from the expansion is