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Imagine that you are a Manchester United supporter, and that you get an opportunity to acquire a hot dog stand at Old Trafford stadium. You

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Imagine that you are a Manchester United supporter, and that you get an opportunity to acquire a hot dog stand at Old Trafford stadium. You are given the opportunity to rent the hot dog stand for the season. You already have the money for the rental costs for the stand up front, ie there is no need to borrow the money. You have the following facts available to you: The stadium seats 60.000 and it is always full on Match Day There are 6 entrances to the stadium Your hot dog stand generally receives 20% of the market share at the stadium On Match day the stadium is open for 4 hours There are 20 match days per year The price charged per hot dog is $3lhot dog (fixed) You will need to hire 6 employees at an hourly rate $18 per hour. Question: Should you take up this opportunity and if so. how much do you expect to benefit from it? Please show full workings and explanation of assumptions on how you derived your

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