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please show all works Consider how Cherry Valley, a popular ski resort, could use capital Assume that Cherry Valley uses the straight-line depreciation budgeting to

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Consider how Cherry Valley, a popular ski resort, could use capital Assume that Cherry Valley uses the straight-line depreciation budgeting to decide whether the $9 million Waterfall Park Lodgemethod and expects the lodge expansion to have a residual value expansion would be a good investment. (Click the icon to view the expansion estimates.) of $750,000 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 net cash inflow Requirements 1. Compute the average annual net cash inflow from the expansion 2. Compute the average annual operating income from the expansion. 3. Compute the payback period. 4. Compute the ARR. Print Done Data Table Assume that Cherry Valley's managers developed the following estimates concerning a planned expansion to its Waterfall Park Lodge (all numbers assumed) 118 Number of additional skiers per day Average number of days per year that weather conditions allow skiing at Cherry 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 expansion Discount rate 165 10 241 142 $ 9,000,000 10%

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