Question: A team is valued at $ 3 0 0 million, in an environment where the relevant interest rate is r = 9 % per year.

A team is valued at $300 million, in an environment where the relevant interest rate is r =9% per year. The league is expected to grow at 1% per year indefinitely.
What must be the expected value of yearly income (inclusive of all economic returns and ego rents) to justify this valuation? (Answer to the nearest million dollars without notation - ie. $62.2 million entered as 62.)

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