A group of Quebecois businesspeople is interested in having a Montreal based National Basketball Association (NBA) team. One option being considered is buying an existing franchise, Milwaukee Bucks, and relocating it to Montreal. Which price can they expect to pay based on the Price/Operating income ratio of teams in similarly sized (+- one million inhabitants) metropolitan areas, based on the information in Table 2 and the exchange rate information below? Please, provide your answer in million CAD (e.g. 55,555,786.5 CAD as 55.5556) Table 2. Information on recent transactions and Milwaukee Bucks characteristics (all dollar values are in USD). Team Chan Price Paid Revenues Operating Metro Area Income Population Titles all dollar values are in USD). Team Champior Price Paid Revenues Operating Metro Area Income Population Titles Toronto Raptors $400 mln $275 mln $76 mln 5.9 min 1 Sacramento $534 mln $263 mln $72 mln 2.2 mln 1 Kings Memphis $377 mln $213 mln $27 mln 1.4 mln 0 Grizzlies 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 A group of Quebecois businesspeople is interested in having a Montreal based National Basketball Association (NBA) team. One option being considered is buying an existing franchise, Milwaukee Bucks, and relocating it to Montreal. Which price can they expect to pay based on the Price/Operating income ratio of teams in similarly sized (+- one million inhabitants) metropolitan areas, based on the information in Table 2 and the exchange rate information below? Please, provide your answer in million CAD (e.g. 55,555,786.5 CAD as 55.5556) Table 2. Information on recent transactions and Milwaukee Bucks characteristics (all dollar values are in USD). Team Chan Price Paid Revenues Operating Metro Area Income Population Titles all dollar values are in USD). Team Champior Price Paid Revenues Operating Metro Area Income Population Titles Toronto Raptors $400 mln $275 mln $76 mln 5.9 min 1 Sacramento $534 mln $263 mln $72 mln 2.2 mln 1 Kings Memphis $377 mln $213 mln $27 mln 1.4 mln 0 Grizzlies 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