11:20 A chegg.com POWOCCHICCHIERVO OR C Question: Calculate the net present value (NPV) of Duke's Sporting Goods Store in the... Calculate the net present value (NPV) of Duke's Sporting Goods Store in the Case Analysis at the end of Chapter 10 (below). Follow the Income Approach steps and determine NPV at the last step. Show all work in arriving at the answer. As described in Sidebar 4.C (p. 96), the Silna family had a contract to receive 1/7th of the television revenue of four NBA teams (Denver Nuggets, San Antonio Spurs, Brooklyn Nets, and Indiana Pacers) in perpetuity. The NBA's television deal running from the 2008-2009 season through the 2015-2016 season paid the family $18.9 million annually. Use the above information and the following parameters to calculate the NPV of the contract. The valuation date is January 1, 2009. Assume that the Silnas received their first payment on January 1, 2009, and that the payments will continue annually thereafter. Assume that the Silnas are taxed at 35% for their income on this deal. Assume that their payments from this NBA deal will grow at 2% per year in perpetuity after the final year of this contract. (Although the Silnas' deal has ended in reality, for purposes of this exercise we will assume that the deal will continue forever.) Assume a discount rate of 8%. - Create a table that shows the results you found and gives a brief description of your steps, assumptions, and so forth