Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that the Atlantic Sun conference is a for-profit organization that can be bought. Suppose that the conference has revenues that are twice its ticket

image text in transcribed
image text in transcribed
Suppose that the Atlantic Sun conference is a for-profit organization that can be bought. Suppose that the conference has revenues that are twice its ticket revenues. Also, suppose it has $10 million in revenue from other sources. Assuming that the price-to-revenue ratio is 2.5 and the controlling interest premium is 80%, what is the value of the conference according to the price-to-revenue ratio method? Use the Table of Ticket Revenues posted in Module 12 to answer this question. $294,777,856.00 $354,125,088.00 $663,250,176.00 $708,250,176.00 \begin{tabular}{|l|c|} \hline Franchise & Ticket Revenue \\ \hline Jacksonville & $8,676,917 \\ \hline Kennesaw State & $8,456,073 \\ \hline Lipscomb & $7,975,785 \\ \hline Stetson & $7,886,742 \\ \hline Florida Gulf Coast & $6,985,825 \\ \hline East Tennessee State & $6,688,512 \\ \hline Northern Kentucky & $6,119,687 \\ \hline Mercer & $6,983,252 \\ \hline North Florida & $5,843,073 \\ \hline South Carolina-Upstate & $3,078,598 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions