investment group

Lewis Wolff and his investment group bought the Oakland A’s baseball team for $180 million in 2005. Forbes magazine estimated that the team’s net income for that year was $5.9 million. If the new owners believed that they would continue to earn this annual profit (after adjusting for inflation) forever, was this investment more lucrative than putting the $180 million into a savings account that paid a real interest rate of 3%?

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