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3 November, 12:26

A business is considering a cash outlay of $880,000 for the purchase of land, which it intends to lease for $200,000 per year. If alternative investments are available that yield a 15 percent return, the opportunity cost of the purchase of the land is

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  1. 3 November, 12:34
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    132000$

    Explanation:

    880000 * 0,15=132000
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