Question: In July 2020 the Kansas City Chiefs football team signed a 10-year contract with quarterback Patrick Mahomes that will pay him about $40 million a

In July 2020 the Kansas City Chiefs football team signed a 10-year contract with quarterback Patrick Mahomes that will pay him about $40 million a year. If the Chiefs were going to cover that salary with additional ticket revenues, by how much would the team have to increase the average ticket price for the eight home games in its 76,000-seat Arrowhead Stadium?

Round your response to two decimal places.

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