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Assume a baseball player's development in the minor leagues yields -$250,000 per year for four years. If the player were to have a single big
Assume a baseball player's development in the minor leagues yields -$250,000 per year for four years. If the player were to have a single big league season and be paid $350,000, how much revenue would the player need to generate to be considered a positive net present value project from the point of view of the team owner if the interest rate was 4%?
Please show work/formulas. TY!
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