Multiple Choice
Lara Technologies is considering a total cash outlay of $250,000 for the purchase of land, which it could lease for $35,000 per year. If alternative investments are available that yield a 12% return, the opportunity cost of the purchase of the land is
A) $35,000
B) $30,000
C) $250,000
D) $4,200
Correct Answer:
Verified
Correct Answer:
Verified
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