You pay 1000 per acre for a tract of land and your
You pay 1000 per acre for a tract of land and your opportunity cost is 7 percent. You hold the land 8 years and pay 100 in taxes each year. What price per acre must you sell the land for to break even with your opportunity cost rate?
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you pay 1000 per acre for a tract of land and your opportunity cost is 7 percent you hold the land 8 years and pay 100
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