3. Suppose that a firm proposes locating a production facility in your community that would generate $25 million in annual export sales revenue. Suppose that $10 million of that revenue initially leaks out of the local economy as payment for factors of production from out of the local area. Assume that on average, 60 cents of every dollar of local expenditure goes to the purchase of imported goods and services, or otherwise leaks out of the local economy.

What is your estimate of the annual local economic impact of this facility?