possible Consider how Root Valley Stream Park Lodge could use capital budgeting to decide whether the $13,000,000 Stream Park Lodge expansion would be a good investment. Assume Root Valley's managers developed the following estimates concerning the expansion: (Click the icon to view the estimates.) Assume that Root Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $750,000 at the end of its ten-year life. The average annual net cash inflow from the expansion is expected to be $2,754,516. Compute the payback for the expansion project. Round to one decimal place. Data table Payback years X Number of additional skiers per day Average number of days per year that weather conditions allow skiing at Root Valley Useful life of expansion (in years) 122 skiers 142 days G 10 years Average cash spent by each skier per day $ 244 Average variable cost of serving each skier per day Cost of expansion 85 13,000,000 12% Discount rate Next Get mo