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X E12-32A (similar to) Question Help Consider how Flint Valley, a popular ski resort, could use capital budgeting to decide whether the $9.5 million Autumn Park Lodge expansion would be a good investment Click the icon to view the expansion estimates.) Assume that Flint Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $800,000 at the end of its ten-year life Road the requirements 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) Average net cash inflow per day Average annual net cash inflow Number of ski days per year ort, could use capital budgeting to k Lodge expansion would be a good Assume that Flint Valley uses the straig the lodge expansion to have a residual ten vaarlife A Data Table Assume that Flint Valley's managers developed the following estimates concerning a planned expansion to its Autumn Park Lodge (all numbers assumed): 10 Number of additional skiers per day... 121 Average number of days per year that weather conditions allow skiing at Flint Valley 159 Useful life of expansion (in years).... Average cash spent by each skier per day 245 Average variable cost of serving each skier per day .... $ 134 Cost of expansion $ 9,500,000 Discount rate. 12% Print Done Done annual net cash inflow from the expansion. * Requirements Compute the average annual net cash inflow from the expansion. Compute the average annual operating income from the expansion. Compute the payback period. 4. Compute the ARR. Done