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4. The future MLS Nashville SC team is currently selling season tickets for their upcoming season. Premium luxury suite ticket holders are not required to

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4. The future MLS Nashville SC team is currently selling season tickets for their upcoming season. Premium luxury suite ticket holders are not required to pay for their tickets until the end of each season, but are required to sign a seven year agreement (this is not actually true, but is useful for practicing!). a. If the luxury suite season price each year is $85,000, what is the total amount of premium seating worth after the seven years, in purchasing power today (i.e., what is the present value of this stream of cash flows)? Assume a discount rate of 4.25%. b. What would the value be if the contracts were for five years and the rate was at 6.5%? c. What if we adjusted prices, making the overall premium suite price increase to $110,000, but only made the contract three years long? What would the purchasing power in today's dollars then be? Assuming a 5% discount rate

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