You have graduated from a degree in sports business and just landed your dream job...
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You have graduated from a degree in sports business and just landed your dream job as a sports agent. Your first client is an up and coming free solo climber. You are looking for sponsors for your client. Gatorade will contract with your client for five years if your client will post at least 5 Instagram pictures a month with a strong presence of the beverage in each photo as your client engages in free solo climbing activities Gatorade will pay your client $1,000,000 (cash-out) today and Gatorade believes that the Instagram posts will generate $300,000 (cash-in) a year in increased revenue for the firm (7.5 points) What is Gatorade's annual rate of return on its $1,000,000 investment in signing your client for the next five years? % (Use four decimal places 12.34% or 1234)
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