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A Stadium was completed in 1966 at a cost $1.35M. At the same time as the completion of the stadium, a gift of $1.35M was

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A Stadium was completed in 1966 at a cost $1.35M. At the same time as the completion of the stadium, a gift of $1.35M was given for a future replacement. A new stadium is being considered for 2022. Inflation has been 5.3%/yr and the $1.35M gift investment has earned a market rate of return of 6.6%/yr over that time frame. How much better or worse will the new stadium be as compared to the previous Stadium built in 1966? about the same 0 - 2 times worse 0-2 times better -2.5 times worse 0-2 times worse -3.5 times better 0 -2.5 times better

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