Data Table Assume that Wolf Valley's managers developed the following estimates concerning a planned expansion to its Brook Park Lodge (all numbers assumed): Number of additional skiers per day Average number of days per year that weather 125 160 conditions allow skiing at Wolf Valley Useful life of expansion (in years) Average cash spent by each skier per day . . . . . Average variable cost of serving each skier per day .. . 8 240 142 $ 8,000,000 12% Cost of expansion Discount rate Assume that Wolf Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $1,000,000 at the end of its eight-year life. It has already calculated the average annual net cash inflow per year to be $1,960,000. Print Done