Consider how Pine Valley, a popular ski resort, could use capital budgeting to decide whether the $9 million Brook Park Lodge expansion would be a good investment. (Click the icon to view the expansion estimates.) Assume that Pine Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $1,000,000 at the end of its ten-year life. 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.) x Average annual net cash inflow Requirement 2. Compute the average annual operating income from the expansion. First enter the formula, then compute the average annual operating income from the expansion. (Round your answer to the nearest dollar.) Average annual operating income from asset Requirement 3. Compute the payback period. First enter the formula, then compute the payback period. (Enter amounts in dollars, not millions. Round your answer to two decimal places.) Requirement 4. Compute the ARR. + Payback period years First enter the formula, then compute the accounting rate of return. (Enter amounts in dollars, not millions. Enter your answer as a percent rounded to two decimal places.) + Accounting rate of return % Data table Assume that Pine Valley's managers developed the following estimates concerning a planned expansion to its Brook Park Lodge (all numbers assumed): Number of additional skiers per day.... 117 Average number of days per year that weather conditions allow skiing at Pine Valley... 157 Useful life of expansion (in years).. 10 Average cash spent by each skier per day. $ 242 Average variable cost of serving each skier per day . $ 135 Cost of expansion. Discount rate $ 9,000,000 14%