Robertson Resorts is considering whether to expand its Pagosa Springs Lodge. The expansion will create 24 additional rooms for rent. The following estimates are available: Cost of expansion $ 3,380,000 Discount rate 8% Useful life 20 Annual rental income $ 1,700,000 Annual operating expenses $ 1,250,000 Robertson uses straight-line depreciation and the lodge expansion will have a residual value $2,360,000. Required: Calculate the annual net operating income from the expansion. Calculate the annual net cash inflow from the expansion. Calculate the ARR. Note: Round your answer to 2 decimal places. Calculate the payback period. Note: Round your answer to 1 decimal place. Calculate the NPV. (Future Value of $1,Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.

Please do not use previous answers. They are wrong.