The Haslett Hamspters minor league hockey team are considering building a new arena. They will only do so if their Senior Financial Analyst determines building the arena would have a positive Net Present Value assuming a $5-$year project time frame. Using the data below, determine what the Year $0$ cash flow would be:

$$2,000,000$ for the land the stadium would be built on$.$ They bought this land in $2015.$

Construction cost of building the arena would be $$28,000,000$

$$25,000$ for a marketing study conducted last year to determine whether more fans would come to the games if they built a new arena

$$300,000$ for additional street lights, access road improvements and parking lot for the new arena should it be build

$$200,000$ for an electronic video sign in front of the building and additional signage around the city if they decide to build it

$$25,000$ for a trip taken by team management last year to see a similar arena in Onalaska, WI$.$

Multiple Choice

A$)$ $$26,500,000$

B$)$ $$28,500,000$

C$)$ $$30,000,000$

D$)$ $$30,550,000$

E$)$ $$30,500,000$