consider how Clare Valley, a polular ski resort, could use capital budgeting to decide whether $8.5 million spring park lodge expansion would be a good investment.

Consider how Clare Valley, a popular ski resort, could use capital budgeting to decide whether the $3.5milion$ Spring Park Lodge expansion would be a good irvestment. [Click the icon to view the expansion estimates.] (Click the icon to view the peesent value annuly factor table.) (Click the icon to view the present value factor tapje.) (Click the icon to vied the future value annuty factor table.) (Cick the icon fo view the future value factor tabie) Read the requirements: Requirement 1. What is the proiect's NPP? is the investment antractive? Why or why not? Calculate the net present value of the expansion. (Round your antwer to the neareat whole dolar. Use parentheses or a minus sign lor a negabve net present value ? Net present value of expansian Data table 1. What is the net present val alue of expans Reference Reference Reference Reference w the exparsicn estimates.) W the present value annuty factor bole) (Clid Pe icon to view the present vatue faclor tafe.) is the future value annuity factor table.) click the ican to view the future vibita factor tabie.) Requirements 1. What is the projects NPV? is the invatinet alactive? Why or why nor? 2. Assume the expansion has no mesidar walke. What is the projects NPV? is the investmont sill antractive? Why or aby noe