Suppose Temple University is considering building a new stadium for its football team. The stadium w


Question: Suppose Temple University is considering building a new stadium for its football team. The stadium will cost $250 million to build. The university believes that the stadium will last for 50 years and will bring the University an additional $10 million per year in income. If the interest rate is 4%, is building the stadium a good idea? (Hint: Assume that the cost all occurs immediately, that the stadium opens in one year, and that all revenue is received once each year. I suggest that you use Excel to do the computations)

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