(Answered) A city is considering building a new multi-purpose sports

Finance

A city is considering building a new multi-purpose sports and entertainment complex. The city would spend $306 million immediately to construct the complex. Annual revenue from this complex would be $44 million and annual operations and maintenance costs would be $11 million. The city's MARR is 12.7% compounded annually. Assume the annual revenue and costs will remain the same under these conditions for an infinite amount of time. What is the present worth of the entertainment complex? Enter your answer in millions of dollars.

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