Columbus is thinking of replacing the Crew SC stadium, the first dedicated soccer stadium in the United States. Synthetic estimates for this project are presented in the first three columns of the table below. Assume an interest rate of 5%.

Year	Costs	Benefits
1	$50 million	$0
2	$50 million	$0
3	$58 million	$0
4	-	$25 million
5	-	$26 million
6	-	$22.5 million
7	$500,000	$18 million
8	$500,000	$20 million
9	$500,000	$16 million
10	$500,000	$14 million
11	$500,000	$13.5 million

a)Hand calculate the solution to this problem (because if you get a question like this on the final exam, you will not have access to Excel). What is the net present value of this project? Show all work.

b)Should Columbus go ahead with the new stadium? Explain why/why not based on the analysis above.