the expansion:

$($Click the icon to view the estimates.$)$

Compute the payback for the expansion project. Round to one decimal place.

Data table

$\backslash$table$[[$Number of additional skiers per day,$120$ skiers$],[$Average number of days per year that weather conditions,$142$ days$],[$allow sking at McKnight Valley,$10$ years$],[$Useful life of expansion $($in years$),247],[$Average cash spent by each skier per day,$87],[$Average variable cost of serving each skier per day,$12,500,000],[$Cost of expansion,$8\%],[$Discount rate,$8\%]]$