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Staples Center which debuted in 1999 cost the Los Angeles Lakers $350 million. The Lakers paid the $350 million upfront in 1996 when the stadium
Staples Center which debuted in 1999 cost the Los Angeles Lakers $350 million. The Lakers paid the $350 million upfront in 1996 when the stadium began being built. New revenues begin in 1999 will be equal for every year thereafter. 1. The Lakers earned $80 million revenue the year prior to the new stadium and $105 million the year after. What is the payback period? 2. Staples Center will last for 50 years and the Lakers used a discount rate of 5%. What's the Net Present Value
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