Consider how Rouse Valey Spring Park Lodge could use capital budgeting to decide whether the $13,500,000 Spring Park Lodge expansion would be a good investment Assume Rouse Valley's managers developed the following estimates conceming the expansion: EEB (Click the icon to view the estimates.) Assume that Rouse 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 eight-year ife. The average annual operating income from the expansion is $1,458,708 and the depreciation has been caloulated as $1,562,500. Caloulate the ARR. Round to two decimal places. ARR % X i Data Table 122 skiers Number of additional skiers per day Average number of days per year that weather conditions 151 days allow skiing at Rouse Valley Useful life of expansion (in years) 8 years Average cash spent by each skier per day 245 Average variable cost of serving each skier per day 81 Cost of expansion 13,500,000 Discount rate 8% Done Print ASSUme ua Rouse valley uses he suaigmee uepreciauoTmeou and expocs me ouge cApaSoT Tave aosuotaYalec annual operating income from the expansion is $1,458,708 and the depreciation has been calculated as $1,562,500. Calculate the ARR. Round to two decimal places. ARR Amount invested Annual depreciation Average amount invested Average annual net cash inflow Average annual operating income Residual value Assume that Rouse Valley uses the straight-line depreciation method and expects the lodge expansion to have a residua annual operating income from the expansion is $1,458,708 and the depreciation has been calculated as $1,562,500. Calculate the ARR. Round to two decimal places. ARR Amount invested Annual depreciation Average amount invested Average annual net cash inflow Average annual operating income Residual value