According to Forbes, a typical National Basketball Association (NBA) franchise would sell for \\( \\$ 372 \\) millionthough the Knicks were worth \\( \\$ 600 \\) million in 2007. NBA teams posted avaerage earnings (before interest, taxes, depreciation, and amortization) of \\( \\$ 9.8 \\) million. Assuming that the team can maintain this earnings flow indefinitely, does it pay for a profit-maximizing investor to buy such a franchise if the real interest rate is i \\( =4 \\% \\) ? Use the net present value and internal rate of return methods to arrive at your answer. Buying the team is a investment if the interest rate is \\( 4 \\% \\)