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You decide to buy an NFL team so you can move the team to Elon, NC. You buy the team for $300 million today and

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You decide to buy an NFL team so you can move the team to Elon, NC. You buy the team for $300 million today and pay another $100 million today to build a new stadium. You then lose $35 million per year for the next 15 years. At the end of the 15 years, you then sell the team for $2.25 billion so the new owner (Mr. Warren Buffett) can move the team to Omaha, Nebraska. Your discount rate is 7.5%. What is the MIRR of this project if you reinvest at the discount rate and should you buy the team? O a. Yes, you should buy the team because MIRR is 7.52% Ob. Yes, you should buy the team because MIRR IS 8.00% Oc. No, you should not buy the team because MIRR IS 7.25% Od. No, you should not buy the team because MIRR IS 8.00% O e No, you should not buy the team because MIRR IS 4.85%

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