1. Annie has decided to start her own recording studio. To purchase the necessary equipment, Annie...

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1. Annie has decided to start her own recording studio. To purchase the necessary equipment, Annie withdrew $16,000 from her savings account, which was earning 2.25% interest, and borrowed an additional $32,000 from the bank at an interest rate of 7.75%. Annie's annual opportunity cost of the financial capital that has been invested in the business is 604500 ting profit the first year. When deciding 1. Annie has decided to start her own recording studio. To purchase the necessary equipment, Annie withdrew $16,000 from her savings account, which was earning 2.25% interest, and borrowed an additional $32,000 from the bank at an interest rate of 7.75%. Annie's annual opportunity cost of the financial capital that has been invested in the business is 604500 ting profit the first year. When deciding