Question: step by step procedure please, I would like to know how you got there The City of Auburn has decided to build a softball complex
step by step procedure please, I would like to know how you got there

The City of Auburn has decided to build a softball complex and the city council has already voted to fund the project at the level of $800,000 (initial capital investment). The city engineer has collected the following financial information for the complex project. . . . Annual upkeep costs: $120,000 Annual utility costs: $13,000 Renovation costs: $50,000 for every 5 years Annual team user fees (revenues): $32,000 Useful life: Infinite Interest rate: 8% compounded semi-annually . . If the city can expect 40,000 visitors to the complex each year, what should be the minimum ticket price per person to cover all annual costs
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