> Orlando has outgrown it’s Citrus Bowl stadium and has not been invited to host the...

> Orlando has outgrown it’s Citrus Bowl stadium and has not been invited to host the best of College Football Championship games because of it

> If a public works project (a very long term commitment) was planned in Orlando to construct a new, permanent football stadium,

and it’s initial cost was $900M

> The new stadium yearly maintenance cost was $1M/year for years 1-10, growing to $2M/year thereafter

> The new stadium required repainting every 10 years at a cost of $2.5M

>The new stadium required a new grass surface every 5 years at a cost of $3M, and

>The new stadium had a one time Bond payment cost of $15M in year 30

What is the Present Worth cost of this permanent project if city money is available to be borrowed at 6%/yr CA?

What is the Annual amount/year Orlando will be committed to?

Solutions

Expert Solution

Present Worth cost of this permanent project and Annual amount/year Orlando will be committed to is as follow:

jeff jeffy answered 1 year ago

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