Consider how Cherry Valley, a popular ski resort, could use capital budgeting to decide whether Assume that Cherry Valley uses the straight-line depreciation method and expects the the $8 million Autumn Park Lodge expansion would be a good investment. lodge expansion to have a residual value of $500,000 at the end of its nine-year life. (Click the icon to view the expansion estimates.) Read the Requirement 1. Compute the average annual net cash inflow from the expansion. First enter the formula, then compute the average annual net cash inflow from the expansion. (Round your answer to the nearest dollar.) Data table Requirements 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