Robertson Resorts is considering whether to expand their Pagosa Springs Lodge. The expansion will create 24 additional rooms for rent. The following estimates are available: Cost of expansion Discount rate Useful life Annual rental income Annual operating expenses $3,eee,800 10% 20 $2,250,000 $1,800,000 Robertson uses straight-line depreciation and the lodge expansion will have a residual value of $2,800,000 Required: 1. Calculate the annual net operating income from the expansion 2. Calculate the annual net cash intlow from the expansion 3. Calculate ARR. (Round your answer to 2 decimal places.) 4. Calculate the payback period. (Round your answer to 1 decimal place.) 5. Calculate the NPV (Euture Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Do not round intermediate calculations, Round your final answer to nearest whole dollar amount.)