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S26-7 Using the payback and ARR methods to make capital investment Learni decisions Refer to the Hunter Valley Snow Park Lodge expansion project in Short Exercise S26-4 and your calculations in Short Exercises $26-5 and S26-6. Assume the expansion has zero residual value Requirements 1. Will the payback change? Explain your answer. Recalculate the payback if it changes. Round to one decimal place. changes. Round to two decimal places. decision criteria: 2. Will the project's ARR change? Explain your answer. Recalculate ARR if it 3. Assume Hunter Valley screens its potential capital investments using the following Maximum payback period Minimum accounting rate of return 5.0 years 18.00% Will Hunter Valley consider this project further or reject it? S26-8 Using the payback and ARR methods to make capital investment Learni decisions Suppose Hunter Valley is deciding whether to purchase new accounting software. The payback for the $30,050 softwa is three years Hunter Valley's required rate of return for this type of protect is 10.0% Assuming equal ycarly cash flows, what are the expected annual net cash savings from re package is two years, and the software's expected life the new sofrware