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pirex pirex
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Posts: 634
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6 years ago
Assume a baseball player's development in the minor leagues yields -$250,000 per year for four years. If the player were to have a single big league season and be paid $350,000, how much revenue would the player need to generate to be considered a positive net present value project from the point of view of the team owner if the interest rate was 4%?
A) $1.45 million
B) $2.5 million
C) $350,000
D) $250,000
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 62 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home

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6 years ago
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