Problem
1. Practical Application: Calculate the economic cost of your college education. How much more is it than the accounting cost?
2. Practical Application: I'm going to make you an offer you can't refuse. I'll sell you my highly profitable indoor batting cages and driving range for just $1 million. I clear $100,000 a year in profits, and the place practically runs itself. I'm the manager, but basically I just hang out all day hitting baseballs and golf balls whenever I feel like it. If you act right now, the place is yours. You'll have a 20-year lease, which you can break anytime you want, and, if things don't work out over the next two years, I will buy the business back from you for the same $1 million you paid for it. So, will you take my offer or not? Explain why you would or would not.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.