Multiple Choice
A firm has a general-purpose machine, which has a book value of $300,000 and is sold for
$500,000 in the market. If the tax rate is 35%, what is the opportunity cost of using the machine in a project?
A) $500,000
B) $430,000
C) $300,000
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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