decide whether the $8.5 million Waterfall Consider how Clare Valley, a popular ski resort, could use capital budgeting Park Lodge expansion would be a good investment. (Click the icon to view the expansion estimates.) Assume that Clare Valley uses the straight-line depreciation method and expects the lodge expansion to have residual value of S950.000 at the end of its nine-year life. Read the requirements, - X Data table 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 do Average annual Total net cash inflow x Number of ski days per year nel cash inflow Assume that Clare Valley's managers developed the following estimates conceming a planned expansion to its Waterfall Park Lodge (all numbers assumed): 118 165 Number of additional skiers per day Average number of days per year that weather conditions allow skiing at Clare Valley Useful life of expansion (in years) Average cash spent by each skler per day S Average variable cost of serving each skier per day .S Cost of expansion S Discount rate 237 132 8,500,000 10% Print Done