I know this is a longer question - please send my you PayPal, if you answer fast, I will tip you for answering my question as fast as possible:

Nike Campusis considering opening a sporting complex in Friedrichshafen, Germany, offering sports programs and facilities for high school teams. You have the following information:

1. Nike is planning to use vacant land it already owns in its Nike outlet city. If it does so, it has to cancel an alternate plan to lease this land to a neighboring business and generate $ 1 million a year in lease revenues for the very long term.
2. The cost of building the sports complex is expected to be $ 70 million, depreciable straight line over 10 years to a salvage value of $ 10 million.
3. The sporting facility is expected to generate revenues of $ 25million a year.
4. The direct operating expense associated with operating the facility is $ 10 million. Nike will also allocate $ 10 million in SG&A(Selling, General & Administrative Expense) costs to this facility, but $ 8 millions of these costs are fixed costs.

The cost of capital for Nikeis 10% but the cost of capital for companies that operate sports and entertainment complexes is 8%. The tax rate is 40%. Assuming that Nikeplans to operate this sporting complex in perpetuity, with constant (no growth) cash flows, estimate the NPV of this investment.Should Nike invest in this campus?