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A Stadium was completed in 1973 at a cost of $2.72M. At the same time as the completion of the stadium, a gift of $1.8M

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A Stadium was completed in 1973 at a cost of $2.72M. At the same time as the completion of the stadium, a gift of $1.8M was given for a future replacement. A new stadium is being considered for 2021. Inflation has been 3.3% per year over that time frame. The $1.8M gift was invested and has earned a market rate of return of 6.2% per year over that time frame. How much better or worse will the new stadium be as compared to the previous Stadium built-in 1973? Assume that building costs have changed in line with inflation. about the same -2.5 times worse -3.5 times worse -2.5 times better -2 times worse -3.5 times better -2 times better

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