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Suppose a new franchise is planning to build a stadium. Assume that the team expects to sell an average of 6 0 , 0 0
Suppose a new franchise is planning to build a stadium. Assume that the team expects to sell an average of tickets per game at an average price of $ each, and play games per season. There is a proposal to build a stadium at a cost of $ million, which will be spent in four equal parts over four year: years and The stadium is planned to open in and life of the stadium is expected to be years from the date of opening. Assuming a discount rate of what is the net present value of the stadium investment?
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