1. A baseball team is Interested In hiring a new pitcher. Using the Information given below, solve for the mini to cover the cost of the pitcher over six years (within $0.01). For simplicity, assume all ticket sales are recel year and that the team Is not concerned with maximizing profits. The demand elasticity given represents e there Is no other Impact on demand from the new pitcher's presence.) Current Ticket Price 40.00 Current Attendance 25,000 Capacity Utilization 0.8 Stadium Capacity 31.250 Home Games/Year 120 Demand elasticity -30% Annual Interest Rate 10% Year Salary (Millions) 1 21.0 2 10.0 3 20.0 4 40.0 45.0 150.0