At what price must she sell the lot

Reference no: EM132171314

Question: Sally Seashell bought a lot at the Salty Sea for $18,000 cash. She does not plan to build on the lot, but instead will hold it as an investment for 10 years. She wants a 10% after-tax rate of return after taking the 6% annual inflation rate into account. If income taxes amount to 15% of the capital gain, at what price must she sell the lot at the end of the 10 years?

Reference no: EM132171314

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