Part 2: Directions: Answer each question clearly, logically, and concisely. 1. As part of a city planning commission, you can either recommend a new stadium be in the midtown area, the downtown area, or in the suburbs. What are the pros and cons of each of these locations. 2. The local stadium is sold out almost every game. A new stadium built with an extra 20% capacity will have what effect on ticket sales and prices? 3. Asoccerteam is currently making $6.75m in profits and is considering a move to a new city where it can make $9.2m in profits. What is the team's accounting profit, economic profit, and opportunity costs of remaining where it is currently located? 4. How does a basketball team evaluate a player's potential to justify a very large contract amount? 5. What are two disadvantages to using a hotel tax to help fund a new stadium? 6. Underwhat conditions should a project with a negative NPV still be considered