Consider how Cole Valley River Park Lodge could use capital budgeting to decide whether the...
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Accounting
Consider how Cole Valley River Park Lodge could use capital budgeting to decide whether the $13,000,000 River Park Lodge expansion would be a good investment Assume Cole Valley's managers developed the following estimates concerning the expansion. (Click the icon to view the estimates) Assume that Cole 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. The average annual net cash inflow from the expansion is expected to be $2,652,820 Compute the payback for the expansion project Round to one decimal place Data table
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