What rate of return will be earned from the purchase

Reference no: EM13288554

Additional parking space for a factory can be either rented for $6000 per year on a 10-year lease or purchase for $90000. The rental fees will be paid by the lessee. The land should be worth at least $60000 after 10 years. What rate of return will be earned from the purchase of the lot?

Reference no: EM13288554

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