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Year 0: $300,000 tickets sold/ year With renovations Non-discounted benefit: $200,000/ year Renovations will increase ticket sales by 30,000 from 2020 moving forward Projected net

Year 0: $300,000 tickets sold/ year

With renovations

Non-discounted benefit: $200,000/ year

Renovations will increase ticket sales by 30,000 from 2020 moving forward

Projected net cost to the company of $0.40 for every ticket sold

With year 0 being the baseline,10-year net present value using a 3% discount rate.

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