Question: On February 2 6 , 1 9 9 4 Robert Kraft assumed ownership of the New England Patriots NFL franchise. He paid a price of

On February 26,1994 Robert Kraft assumed ownership of the New
England Patriots NFL franchise. He paid a price of $172 million.
Twenty-five years later (as of 8-6-2020) the Forbes magazine value is
quoted as $4.1 billion. What rate of return has Mr. Kraft earned on his
investment? Show your answer to five decimal places

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