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Question 32 (1 point) Suppose a new sporting event will generate revenues for a city in the current year and one year into the future

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Question 32 (1 point) Suppose a new sporting event will generate revenues for a city in the current year and one year into the future (and that is all). Specifically the event will generate $40 million in the year it is held, and $25 million the next year. If the current market interest rate is 5%, what is the maximum amount the city would be willing to spend to host the event? a) $40 million Ob) $65 million O c) $63.8 million 8 O d) $23.8 million

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