A business is considering a cash outlay of $300,000 for the purchase of land, which it could

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A business is considering a cash outlay of $300,000 for the purchase of land, which it could lease for $36,000 per year. If alternative investments are available which yield an 18% return, the opportunity cost of the purchase of the land is:

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Posted Date: Jan 04, 2021 12:55 PM

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A business is considering a cash outlay of $300,000 for the purchase of land, which it could

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Fundamentals of Engineering Economics

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