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Question 2 10 pts Red Bull is deciding whether to sponsor a racing team for a cost of $2 million. The sponsorship would last for

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Question 2 10 pts Red Bull is deciding whether to sponsor a racing team for a cost of $2 million. The sponsorship would last for three years and is expected to increase cash flows by $1 million the first year, $750,000 the second year, and $600,000 the third year. If the discount rate is 7.5%, what will be the change in the value of Red Bull if it chooses to go ahead with the sponsorship? (Enter answer in thousands, for example, enter 80.4 for $80,400)

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