A group of businesspeople is interested in having a boston based National Basketball Association (NBA) team. One option being considered is buying an existing franchise, NY, and relocating it to boston. Which price can they expect to pay based on the Price/Operating income ratio of teams in similarly sized (+- one million inhabitants) areas, based on the information below and the exchange rate information below? Please, provide your answer in million CAD (e.g. 55,555,786.5 CAD as 55.5556) Information on recent transactions and Milwaukee Bucks characteristics (all dollar values are in USD). Team Price Paid Revenues Operating Income Metro Area Population Champions Titles Toronto Raptors $400 mln $275 mln $76 mln 5.9 mln 1 Sacramento Kings $534 mln $263 mln $72 mln 2.2 mln 1 Memphis Grizzlies $377 mln $213 mln $27 mln 1.4 mln 0 Charlotte Hornets $175 mln $213 mln $22 mln 2.5 mln 0 Milwaukee Bucks $204 mln $25 mln 1.6 mln 1 Exchange rates: 1 CAD=0.69 EUR 1 CAD=0.76 USD 1 CAD= 0.60 GBP