Chapter 22: Buying Elysian University

Even though $1 billion was a huge amount, hearing it didn't make Benjamin flinch. After all, the university was substantial, and he anticipated making even more profit.

Universities have significant operational costs, including faculty salaries, administrative expenses, maintenance, and utilities. Let's estimate this at $500 million annually.

Universities generate revenue through tuition, research grants, endowments, and possibly commercial ventures like bookstores or cafeterias. Assuming diverse revenue streams bring in $700 million annually,

With effective management and strategic investments, the university's revenue can grow over time. Let's assume 5% annual growth.

Assuming a steady growth rate of 5%, the profit in the following years could increase. After the first year, it might be $210 million, then $220.5 million, and so on. As time goes on, he will make more than the initial $1 billion investment.

He looked at Mr. Wellington and asked, "Is that your final price?"

Wellington,