Determine the opportunity cost of the purchase


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: Determine the opportunity cost of the purchase
Reference No:- TGS0700075

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