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The general manager of a soccer club is considering paying $2.5 million per year for five year for a star player, along with a $2

The general manager of a soccer club is considering paying $2.5 million per year for five year for a star player, along with a $2 million upfront signing bonus. He expects the player to enhance gate receipts and television advertising revenues by $3.5 million per year with no added costs. The club requires a 9 percent return on its investments. What would be the value added from the acquisition of the player?

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