You get to use a maximum for 35 ITS on a 17 yo so you would be better off doing that as using 20 each would mean your guy would have crap stamina/consistency/concentration unless you get real lucky. This is assuming your Academy is superb condition.
Depending on the sort of wages they pull and player type, they can start from as low as 8 million and go all the way upto 20 million for a god-like all-rounder
Tbh, the only way you'd be able to afford elites is if you had like 30mil and a stadium of 100,000 to cover the losses. Otherwise you'd be bankrupt within a couple of months.
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