A business is considering a cash outlay of 22704800 for the, Ask an Expert

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A business is considering a cash outlay of $227,048.00 for the purchase of land, which it could lease for $35,238.00 per year. Assuming that alternative investments are available which yield an 18% return, determine the opportunity cost of the purchase of the land.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9970153

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