Multiple Choice
Jarrett Company is considering a cash outlay of $300,000 for the purchase of land, which it could lease out for $36,000 per year. If alternative investments that yield a 9% return are available, the opportunity cost of the purchase of the land is
A) $27,000
B) $36,000
C) $9,000
D) $72,000
Correct Answer:
Verified
Correct Answer:
Verified
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