Data table Assume that Pine Valley's managers developed the following estimates concerning a planned expansion to its Blizzard 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... 165 Useful life of expansion (in years) 10 Average cash spent by each skier per day.. $ 245 Average variable cost of serving each skier per day . $ 148 Cost of expansion. $ 9,000,000 Discount rate ..... 14% Assume that Pine Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $950,000 at the end of its ten-year life. It has already calculated the average annual net cash inflow per year to be $1,872,585. 1. What is the project's NPV? Is the investment attractive? Why or why not? 2. Assume the expansion has no residual value. What is the project's NPV? Is the investment still attractive? Why or why not