Data Table Assume that Frost Valley's managers developed the following estimates concerning a planned expansion to its Autumn Park Lodge (all numbers assumed): Number of additional skiers per day Average number of days per year that weather 118 158 8 246 134 $ 9,000,000 12% conditions allow skiing at Frost 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 Assume that Frost Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $950,000 at the end of its eight-year life. It has already calculated the average annual net cash inflow per year to be $2,088,128 Print Done Reference Present Value of Annuity of $1 Periods | 1% | 2% | 3% | 4% | 5% | 6% | 8% | 10% | 12% | 14% | 16% | 18% | 20% 1 0.990 0.9800.9710.962 0.952 0.9430.9260.909 0.893 0.877 0.862 0.847 0.833 2 1.970 1.942 1.913 1.8861.8591.8331.7831.7361.690 1.6471.605 1.5661.528 3 2.9412.8842.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 2.2462.174 2.106 43.902 3.808 3.717 3.6303.5463.4653.3123.170 3.037 2.914 2.798 2.6902.589 54.8534.7134.5804.452 4.329 4.212 3.9933.791 3.605 3.433 3.2743.127 2.991 6 5.7955.601 5.4175.2425.0764.917 4.623 4.355 4.111 3.8893.6853.4983.326 7 6.728 6.472 6.230 6.0025.7865.5825.206 4.8684.5644.288 4.0393.812 3.605 87.6527.325 7.020 6.733 6.463 6.210 5.7475.3354.9684.6394.3444.0783.837 98.5668.1627.7867.4357.108 6.802 6.2475.7595.3284.9464.607 4.303 4.031 10 9.4718.9838.530 8.117.722 7.360 6.710 6.145 5.6505.216 4.8334.4944.192 11 10.3689.7879.2538.760 8.306 7.8877.139 6.4955.9385.4535.0294.6564.327 12 11.255 10.575 9.9549.3858.863 8.3847.536 6.814 6.1945.660 5.197 4.7934.439 13 12.134 11.348 10.6359.9869.3948.8537.9047.103 6.4245.842 5.3424.9104.533 14 13.004 12.106 11.29610.5639.8999.2958.2447.367 6.628 6.0025.4685.008 4.611 15 13.865 12.84911.93811.118 10.3809.7128.5597.6066.811 6.142 5.5755.0924.675 20 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.4696.6235.9295.353 4.870 25 22.023 19.523 17.413 15.622 14.09412.783 10.6759.077 7.843 6.8736.0975.4674.948 30 25.808 22.39619.600 17.292 15.372 13.765 11.258 9.4278.0557.0036.1775.517 4.979 40 32.835 27.35523.115 19.79317.159 15.046 11.925 9.7798.2447.105 6.2335.5484.997 PrintDone