Question 22 5 pts Purdue University is looking to renovate the third floor of its press box and turn it from a space for media into a space for club seating. Assume that the space generated no revenue when it was dedicated specifically to the media. The initiative is projected to cost $2.000.000. Assume that 500 club seats would be added in this space, selling for an average of $200 per game (for six games each season). The cost of capital for this athletic department is 9%. The Board of Trustees requires that this project obtain a net present value by the end of Year 4 of the project. As the athletic director, what should you do? Be sure to calculate the discounted payback period, net present value, internal rate of return, and modified internal rate of return. Edit View Insert Format Tools Table 12pt Paragraph BI U ALT