12-33A Wolf Valley Expansion Data Set (5 points) Lodge (allmagers developed the following estimates concerning a pl Assume that Wolf Valley's expansion rook Park t Valley's Number of additional skiers per day Average number of days per year that weather the assumed): 125 conditions allow skiing at Wolf Valley 160 8 $240 $142 $8,000,000 Useful life of expansion (in ycars) Average cash spent by each skier per day Average variable cost of serving cach skier per day Cost of expansion Discount rate 12% alley uses the straight-line depreciation method and expects the lodge expansion to ave a residual value of $1,000,000 at the end of its eight-year lite. equirements 1. Compute the average annual net cash inflow from the expansion. 2. Compute the average annual operating income from the expansion. 3. Compute the payback period. 4. Compute the ARR 5. Assume that the expansion has no residual value, compute the project's NPV