Data Table Assume that Clare Valley's managers developed the following estimates concerning a planned expansion to its River Park Lodge (all numbers assumed) 121 Number of additional skiers per day Average number of days per year that weather 162 conditions allow skiing at Clare Valley 247 136 $ 9,000,000 12% Average cash spent by each skier per day .. . . .. . . . . . Average variable cost of serving each skier per day Cost of expansion Print Done iRequirements 1 1. Compute the average annual net cash inflow from the expansion. 2. Compute the average annual operating income from the expansion. 3. Compute the payback period. 4. Compute the ARR. Print Done Consider how Clare Valley, a popular ski resort, could use capital budgeting to Assume that Clare Valley uses the straight-line depreciation method and expects decide whether the $9 million River Park Lodge expansion would be a good investment the lodge expansion to have a residual value of $1,000,000 at the end of its nine-year life (Click the icon to view the expansion estimates.) Read the requirements Requirement 1. Compute the average annual net cash inflow from the expansion. First 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