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: Robertson uses straight-line depreciation and the lodge expansion will have a residual value $2,160,000. Required: 1. Calculate the annual net operating income from the expansion. 2. Calculate the annual net cash inflow from the expansion. 3. Calculate the ARR. Note: Round your answer to 2 decimal places. 4. Calculate the payback period. Note: 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.) Note: Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Round your final answer to nearest whole dollar amount. TABLE 11.1A Future Value of $1 ABLE 11.2A Present Value of $1 TABLE 11.3A Future Value of an Annuity of \$1 TABLE 11.4A Present Value of Annuity of \$1