David, a good friend of yours from high school, is attending Sheldon University, where he enjoys playing on the school's Division III soccer team. You love going to his games to cheer him on. Unfortunately, the school is experiencing financial stress, and it recently shared its plan to discontinue its soccer program, along with a few other sports, beginning next academic year. Obviously, David is upset about this news, as are many of his friends. You wonder how bad the financial situation must be for the university to even consider making this move. (b) You recently found an inside track to some of the other assumptions the university used in making its decision, including the following. . All current athletes in these programs (and their non-athlete friends) will stay at Sheldon to complete their degrees. All coaches specific to these sports will be laid off. All current athletic facilities specific to these sports will be kept and minimally maintained in the hope that the sports will be reinstated in the future, when the university's financial health returns. Based on these assumptions and the following additional information, calculate the financial impact of this decision for one year. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Number of student-athletes directly affected Number of non-athlete students that attend Sheldon because their friends are athletes Average years to graduation for affected students, above Average annual tuition, fees, and room and board per student Lost athletic event admission fees annually Salaries and benefits of directly affected coaches Athletic director annual salary 110 160 2 $22,800 $19,200 $316,000 $248,000 Based on these assumptions and the following additional information, calculate the financial impact of this decision for one year. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Number of student-athletes directly affected Number of non-athlete students that attend Sheldon because their friends are athletes Average years to graduation for affected students, above Average annual tuition, fees, and room and board per student Lost athletic event admission fees annually Salaries and benefits of directly affected coaches Athletic director annual salary Net annual cost savings (loss) Yes 110 160 Specify whether you believe the university was justified in its decision to close these programs. eTextbook and Media 2 $22,800 $19,200 $316,000 $248,000