You are planning to build a stadium. It is expected to cost $63 million, and will be seat 52,000 fans. There are 81 home games. The current stadium seats 32,000 fans. The data below show comparative statistics.

If money is worth 10%, and the stadium is expected to last 20 years without major maintenance, is it a good deal?

10% Compound Interest Factors 10% Single Payment Uniform Payment Series Compound Present Sinking Capital Compound Present Amount Worth Fund Recovery Amount Worth Factor Factor Factor Factor Factor Factor Find F Find P Find A Find A Find F Find P Given P Given F Given Given P Given A Given A F/P P/F A/F A/P F/A P/A Arithmetic Gradient Gradient Gradient Uniform Present Series Worth Find A Find P Given G Given G A/G P/G n n 1 2 3 4 5 1.100 1.210 1.331 1.464 1.611 .9091 8264 -7513 .6830 .6209 1.0000 4762 3021 .2155 .1638 1.1000 .5762 .4021 .3155 2638 1.000 2.100 3.310 4.641 6.105 0.909 1.736 2.487 3.170 3.791 0 0.476 0.937 1.381 1.810 0 0.826 2.329 4.378 6.862 1 2 3 4 5 6 7 8 9 10 1.772 1.949 2.144 2.358 2.594 .5645 .5132 .4665 .4241 .3855 .1296 . 1054 .0874 .0736 .0627 .2296 2054 .1874 .1736 .1627 7.716 9.487 11.436 13.579 15.937 4.355 4.868 5.335 5.759 6.145 2.224 2.622 3.004 3.372 3.725 9.684 12.763 16.029 19.421 22.891 6 7 8 9 10 11 12 13 14 15 2.853 3.138 3.452 3.797 4.177 .3505 .3186 .2897 2633 2394 .0540 .0468 0408 0357 0315 1540 .1468 .1408 .1357 .1315 18.531 21.384 24.523 27.975 31.772 6.495 6.814 7.103 7.367 7.606 4.064 4.388 4.699 4.996 5.279 26.396 29.901 33.377 36.801 40.152 11 12 13 14 15 Total Seats Luxury Seats Luxury Seat Prices/Game Deluxe Seats Deluxe Seat Prices/Game Bleacher Seats Bleacher Prices/Game Current Stadium 32,000 6,000 $12 14,000 $6 12,000 $3 New Stadium 52,000 12,000 $14 26,000 $7 14,000 $4