i Data Table - 114 skiers 144 days 10 years Number of additional skiers per day Average number of days per year that weather conditions allow skiing at White 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 expans 235 84 11,000,000 Discount rate 8% Print Done SM11-12 (similar to) Assigned Media Question Help Consider how White Valley Brook Park Lodge could use capital budgeting to decide whether the $11,000,000 Brook Park Lodge expansion would be a good investment. Assume White Valley's managers developed the following estimates concerning the expansion: (Click the icon to view the estimates.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) What is the project's NPV (round to nearest dollar)? Is the investment attractive? Why or why not? (Click the icon to view additional information.) Calculate the net present value of the expansion. (Enter any factor amounts to three decimal places, X.XXX. Round to the nearest whole dollar.) Net Cash Annuity PV Factor PV Factor (i=8%, Years Inflow (i=8%, n=10) n=10) Present Value Years 1 - 10 Present value of annuity Year 10 Present value of residual value Total PV of cash inflows Year 0 Initial investment Net present value of expansion