Explain the opportunity cost of the purchase of the land


A business is considering a cash outlay of $500,000 for the purchase of land, which it could lease for $40,000 per year. If alternative investments are available which yield a 21% return, the opportunity cost of the purchase of the land is?

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Accounting Basics: Explain the opportunity cost of the purchase of the land
Reference No:- TGS0715835

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