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Find the opportunity cost of the purchase of the land

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Question - Lara Technologies is considering a total cash outlay of $197,000 for the purchase of land, which it could lease for $36,190 per year. If alternative investments are available that yield a 17% return, find the opportunity cost of the purchase of the land?

a. $2,700

b. $36,190

c. $33,490

d. $69,680

Reference no: EM132591530

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