e : BA213- Managerial Accounting - ONLINE -10338 - Winter 2022+* eva ondongo 03/23/22 3:28 PM Test: Test #3 Question 5 of 11 This test: 100 point(s) possible This question: 10 point(s) possible Submit test Consider how Flint Valley, a popular ski resort, could use capital budgeting to decide whether the $8 million Snow Park Lodge expansion would be a good investment. Assume that Flint Valley uses the straight-line depreciation method and expects the lodge expansion to have a (Click the icon to view the expansion estimates.) residual value of $700,000 at the end of its ten-year life. 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 1I net cash inflow 11 Requirement 2. Compute the average annual operating income from the expansion. First enter the formula, then compute the average annual operating income from the expansion. (Round your answer to the nearest dollar.) Average annual operating income from asset Requirement 3. Compute the payback period. First enter the formula, then compute the payback period. (Enter amounts in dollars, not millions. Round your answer to two decimal places.) Payback period years Requirement 4. Compute the ARR. Time Remaining: 02:35:32 Next O + G Search or type URL O V esc delete O